Is Lake Villa, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lake Villa has remained a Seller's Market.
Housing Prices in Lake Villa, IL
How much do homes in Lake Villa, IL cost?
Median Sold Price
$325,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Villa was $325,000 in April 2024, down 1.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $101K | N/A |
2 Bedrooms | $220K | $250K | +13.6% |
3 Bedrooms | $310K | $290.5K | -6.3% |
4 Bedrooms | $365K | $375K | +2.7% |
5+ Bedrooms | $425K | $465K | +9.4% |
Summary: Lake Villa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
Lindenhurst | $276K | $315K | +14.1% |
Lake Villa Township | $285K | $315.1K | +10.6% |
Round Lake Beach | $204.6K | $225K | +9.9% |
Antioch Township | $280K | $285.2K | +1.9% |
Lake Villa | $328.7K | $325K | -1.1% |
Housing Supply in Lake Villa, IL
How many homes are available in Lake Villa, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 72 | +16.1% |
Summary: The Lake Villa real estate market had 72 homes for sale in April 2024, a 16.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 26 | 24 | -7.7% |
4 Bedrooms | 17 | 25 | +47.1% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Lake Villa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 13 | -38.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Lake Villa in April 2024, down by 38.1% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for Lake Villa, IL
How long does it take to sell a home in Lake Villa, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 16 Days | -33.0% |
Summary: Homes in Lake Villa had an average of 16 days on market in Apr 2024, down by 33% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Lake Villa; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.