Is Round Lake Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Round Lake Park was a Seller's Market.
Housing Prices in Round Lake Park, IL
How much do homes in Round Lake Park, IL cost?
Median Sold Price
$189,500
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Round Lake Park was $189,500 in May 2024, up 14.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117K | $109.9K | -6.1% |
2 Bedrooms | $160K | $172.5K | +7.8% |
3 Bedrooms | $179K | $204.5K | +14.2% |
4 Bedrooms | $240K | $245K | +2.1% |
5+ Bedrooms | $212.5K | $277.5K | +30.6% |
Summary: Round Lake Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 30.6%.
Median Sold Price Compared To Nearby Cities
Round Lake Park | $165.5K | $189.5K | +14.5% |
Hainesville | $240K | $270K | +12.5% |
Avon Township | $226.1K | $253.2K | +12.0% |
Grayslake | $288.6K | $295.4K | +2.4% |
Round Lake | $260K | $264K | +1.5% |
Housing Supply in Round Lake Park, IL
How many homes are available in Round Lake Park, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 41 | +13.9% |
Summary: The Round Lake Park real estate market had 41 homes for sale in May 2024, a 13.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 23 | 28 | +21.7% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Round Lake Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 21.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Round Lake Park in May 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Round Lake Park, IL
How long does it take to sell a home in Round Lake Park, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 71 Days | +186.0% |
Summary: Homes in Round Lake Park had an average of 71 days on market in May 2024, up by 186% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Round Lake Park; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.