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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Villa Township is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Lake Villa Township, IL cost?

Median Sold Price

$280,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$21,000(+8.1%)

Key Takeaway

Homes in Lake Villa Township have sold for 8.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $133K-
N/A
2 $169.8K$192K
+13.0%
3 $240K$260K
+8.3%
4 $315K$330K
+4.8%
5+ $386.5K$422.5K
+9.3%

Median Sold Price Compared To Nearby Cities

Lake Villa Township
+8.1%
Lake Villa
+8.1%
Lindenhurst
+7.9%
Round Lake Beach
+6.5%

How many homes are available in Lake Villa Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
141122-13.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 3021
-30.0%
3 6557
-12.3%
4 3735
-5.4%
5+ 88
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
5038-24.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Villa Township, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
20 Days20 Days+0.6%

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Villa Township 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 Villa Township, IL

Lake Villa Township, IL has 122 homes on the market. In November 2022 in Lake Villa Township, IL there were 13.5% less homes for sale than in October 2022. In November 2022 median list price was $280,000 and the average listing age was 20 days. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 13%, the cost of 3 bedrooms properties went up by 8.3%, 4 bedrooms properties became 4.8% more expensive, 5 bedrooms properties prices increased by 9.3%. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes became 30% less available, volume of 3 bedrooms homes went down by 12.3%, 4 bedrooms homes inventory decreased by 5.4%, 5 bedrooms homes did not move. In November 2022, from all listings sold in Lake Villa Township, IL there were more than 13 sold above asking price, over 16 sold below and more than 9 were sold right at the asked price.

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