Is Chardonnay on the Lake, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chardonnay on the Lake is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Chardonnay on the Lake has remained a Seller's Market.

Key Takeaway

Chardonnay on the Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chardonnay on the Lake, IL

How much do homes in Chardonnay on the Lake, IL cost?

Median Sold Price

$245,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$35,000(+16.7%)

Key Takeaway

Homes in Chardonnay on the Lake have sold for 16.7% more than they did a year ago.

Summary: The median home sold price in Chardonnay on the Lake was $245,000 in April 2024, up 16.7% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $167.5K$178.5K
+6.6%
2 $210K$248.5K
+18.3%
3 -$278K
N/A
4 --
N/A
5+ --
N/A

Summary: Chardonnay on the Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 18.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Chardonnay on the Lake, IL

How many homes are available in Chardonnay on the Lake, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
35+66.7%

Summary: The Chardonnay on the Lake real estate market had 5 homes for sale in April 2024, a 66.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 24
+100.0%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Chardonnay on the Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Chardonnay on the Lake, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Chardonnay on the Lake in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Chardonnay on the Lake, IL

How long does it take to sell a home in Chardonnay on the Lake, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
4 Days11 Days+183.3%

Summary: Homes in Chardonnay on the Lake had an average of 11 days on market in Apr 2024, up by 183.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chardonnay on the Lake are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in Chardonnay on the Lake; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 7 Days Ago

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