Is Round Lake Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Round Lake Park is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Round Lake Park was a Seller's Market.

Key Takeaway

Round Lake Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$24,000(+14.5%)

Key Takeaway

Homes in Round Lake Park have sold for 14.5% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $117K$109.9K
-6.1%
2 $160K$172.5K
+7.8%
3 $179K$204.5K
+14.2%
4 $240K$245K
+2.1%
5+ $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
+14.5%
Hainesville
+12.5%
Avon Township
+12.0%
Grayslake
+2.4%
Round Lake
+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 2024May 2024CHANGE
3641+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

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 2328
+21.7%
3 88
0.0%
4 33
0.0%
5+ 12
+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 2024May 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Round Lake Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

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 2023May 2024CHANGE
25 Days71 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Round Lake Park are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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