Is Lake Villa, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$164/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in Lake Villa was $325,000 in March 2024, the same as last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $101K | N/A |
2 Bedrooms | $219.9K | $247K | +12.3% |
3 Bedrooms | $310K | $298.5K | -3.7% |
4 Bedrooms | $365K | $380K | +4.1% |
5+ Bedrooms | $427.5K | $467.5K | +9.4% |
Summary: Lake Villa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
Lindenhurst | $276K | $310K | +12.3% |
Lake Villa Township | $285K | $312.4K | +9.6% |
Round Lake Beach | $205K | $219K | +6.8% |
Antioch Township | $277K | $287.5K | +3.8% |
Lake Villa | $325K | $325K | 0.0% |
Housing Supply in Lake Villa, IL
How many homes are available in Lake Villa, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 62 | +29.2% |
Summary: The Lake Villa real estate market had 62 homes for sale in March 2024, a 29.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 19 | 26 | +36.8% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Lake Villa housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 36.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 20 | +122.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Lake Villa in March 2024, up by 122.2% month-over-month. Of the 20 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 24 Days | -3.8% |
Summary: Homes in Lake Villa had an average of 24 days on market in Mar 2024, down by 3.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Lake Villa; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.