Is Four Lakes Condos, 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, Four Lakes Condos has remained a Seller's Market.
Key Takeaway
Four Lakes Condos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Four Lakes Condos, IL
How much do homes in Four Lakes Condos, IL cost?
Median Sold Price
$188,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Four Lakes Condos have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Four Lakes Condos was $188,000 in April 2024, up 13.9% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156K | $172.5K | +10.6% |
| 2 Bedrooms | $180K | $220.5K | +22.5% |
| 3 Bedrooms | $233.5K | $251K | +7.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Four Lakes Condos housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Four Lakes Condos, IL
How many homes are available in Four Lakes Condos, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The Four Lakes Condos real estate market had 22 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Four Lakes Condos housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Four Lakes Condos, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Four Lakes Condos in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Four Lakes Condos, IL
How long does it take to sell a home in Four Lakes Condos, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 15 Days | -33.5% |
Summary: Homes in Four Lakes Condos had an average of 15 days on market in Apr 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Four Lakes Condos are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Four Lakes Condos; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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