Is Lake in the Woods Condos, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake in the Woods Condos is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Lake in the Woods Condos has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lake in the Woods Condos, IL

How much do homes in Lake in the Woods Condos, IL cost?

Median Sold Price

$203,250

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$28,250(+16.1%)

Key Takeaway

Homes in Lake in the Woods Condos have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in Lake in the Woods Condos was $203,250 in April 2024, up 16.1% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $133.5K$185.7K
+39.1%
2 $175K$210K
+20.0%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Lake in the Woods Condos housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.1%, 2 bedroom homes increased by 20%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lake in the Woods Condos, IL

How many homes are available in Lake in the Woods Condos, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
990.0%

Summary: The Lake in the Woods Condos real estate market had 9 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 99
0.0%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Lake in the Woods Condos 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 remained the same, 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
25+150.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake in the Woods Condos, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Lake in the Woods Condos in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.

Days on Market for Lake in the Woods Condos, IL

How long does it take to sell a home in Lake in the Woods Condos, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
37 Days5 Days-84.5%

Summary: Homes in Lake in the Woods Condos had an average of 5 days on market in Apr 2024, down by 84.5% compared to last year.

Breakdown of Home Sale Times

5 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 Lake in the Woods Condos are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in Lake in the Woods Condos; 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 6 Days Ago

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