Is Lakemoor, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lakemoor was a Seller's Market.
Housing Prices in Lakemoor, IL
How much do homes in Lakemoor, IL cost?
Median Sold Price
$238,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lakemoor was $238,000 in March 2024, up 12.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $82K | N/A |
2 Bedrooms | $196.9K | $208.5K | +5.9% |
3 Bedrooms | $206K | $252.5K | +22.6% |
4 Bedrooms | $347.5K | $367.4K | +5.7% |
5+ Bedrooms | $530K | $595K | +12.3% |
Summary: Lakemoor 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 5.9%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
Johnsburg | $307.5K | $408.5K | +32.8% |
Lakemoor | $212K | $238K | +12.3% |
Grant Township | $239.9K | $261.1K | +8.8% |
McHenry Township | $247.5K | $269.2K | +8.8% |
Volo | $285.2K | $259.9K | -8.9% |
Housing Supply in Lakemoor, IL
How many homes are available in Lakemoor, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 25 | +31.6% |
Summary: The Lakemoor real estate market had 25 homes for sale in March 2024, a 31.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 8 | 13 | +62.5% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lakemoor housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Lakemoor in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Lakemoor, IL
How long does it take to sell a home in Lakemoor, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
13 Days | 33 Days | +140.6% |
Summary: Homes in Lakemoor had an average of 33 days on market in Mar 2024, up by 140.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Lakemoor; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.