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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Creek is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Lake Creek has remained a Seller's Market.

Key Takeaway

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

How much do homes in Lake Creek, IL cost?

Median Sold Price

$96,000

$68/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$12,250(+14.6%)

Key Takeaway

Homes in Lake Creek have sold for 14.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $76K-
N/A
2 $60K$73.7K
+22.9%
3 $87.5K$110.9K
+26.8%
4 $167K$116.7K
-30.1%
5+ $219.9K$46K
-79.1%

Median Sold Price Compared To Nearby Cities

Lake Creek
+14.6%
Frankfort Township
+8.2%
Johnston City
-7.8%

How many homes are available in Lake Creek, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
1315+15.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 01
+100.0%
2 64
-33.3%
3 57
+40.0%
4 12
+100.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
25+150.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Creek, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
65 Days37 Days-43.1%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Lake Creek, IL

Homes for sale in Lake Creek, IL have reached 15. Between August 2022 and September 2022, Lake Creek, IL real estate market has seen increase in the number of listings by 15.4%. The median list price of listings available in September 2022 was $96,000, while the average time on the real estate market was 37 days. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 22.9%, 3 bedrooms properties became 26.8% more expensive, 4 bedrooms properties prices decreased by 30.1%, prices of 5 bedrooms properties went down by 79.1%. Volume of homes for sale changed: 1 bedroom homes became 100% more available, 2 bedrooms homes became 33.3% less available, 3 bedrooms homes inventory increased by 40%, number of 4 bedrooms homes increased by 100%, number of 5 bedrooms homes remained the same. In September 2022 more than 1 listings in Lake Creek, IL were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 3 were sold below.

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