Is Lakemoor, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakemoor is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Lakemoor was a Seller's Market.

Key Takeaway

Lakemoor is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$26,000(+12.3%)

Key Takeaway

Homes in Lakemoor have sold for 12.3% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 -$82K
N/A
2 $196.9K$208.5K
+5.9%
3 $206K$252.5K
+22.6%
4 $347.5K$367.4K
+5.7%
5+ $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
+32.8%
Lakemoor
+12.3%
Grant Township
+8.8%
McHenry Township
+8.8%
Volo
-8.9%

Housing Supply in Lakemoor, IL

How many homes are available in Lakemoor, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1925+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

# BEDSFeb 2024Mar 2024CHANGE
1 10
-100.0%
2 67
+16.7%
3 813
+62.5%
4 45
+25.0%
5+ 00
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 2024Mar 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakemoor, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
13 Days33 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lakemoor are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

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