Is Lake Villa Township, 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 Township has remained a Seller's Market.
Housing Prices in Lake Villa Township, IL
How much do homes in Lake Villa Township, IL cost?
Median Sold Price
$312,400
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lake Villa Township was $312,400 in March 2024, up 9.6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $101K | N/A |
2 Bedrooms | $205K | $222.2K | +8.4% |
3 Bedrooms | $266.6K | $300K | +12.5% |
4 Bedrooms | $337K | $365K | +8.3% |
5+ Bedrooms | $425K | $425K | 0.0% |
Summary: Lake Villa Township 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 8.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes did not change.
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% |
Lake Villa | $325K | $325K | 0.0% |
Housing Supply in Lake Villa Township, IL
How many homes are available in Lake Villa Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 117 | +28.6% |
Summary: The Lake Villa Township real estate market had 117 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 44 | 52 | +18.2% |
4 Bedrooms | 27 | 38 | +40.7% |
5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The Lake Villa Township 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 increased by 6.7%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 32 | +39.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Lake Villa Township in March 2024, up by 39.1% month-over-month. Of the 32 sold homes, 19% were sold under asking, 16% were sold at asking, and 66% were sold over asking.
Days on Market for Lake Villa Township, IL
How long does it take to sell a home in Lake Villa Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 18 Days | -20.9% |
Summary: Homes in Lake Villa Township had an average of 18 days on market in Mar 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
27 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, 32 homes were sold in Lake Villa Township; 84% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.