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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mundelein is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Mundelein has remained a Seller's Market.

Key Takeaway

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

How much do homes in Mundelein, IL cost?

Median Sold Price

$289,787

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$14,487(+5.3%)

Key Takeaway

Homes in Mundelein have sold for 5.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $76K$70K
-7.9%
2 $225K$229K
+1.8%
3 $255K$267.7K
+5.0%
4 $361.7K$390K
+7.8%
5+ $424.5K$432.4K
+1.9%

Median Sold Price Compared To Nearby Cities

Fremont Township
+15.2%
Hawthorn Woods
+10.9%
Libertyville
+8.2%
Mundelein
+5.3%

How many homes are available in Mundelein, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
8285+3.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1415
+7.1%
3 4039
-2.5%
4 2730
+11.1%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
2430+25.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Average Sale Time

Nov 2021Nov 2022%
24 Days18 Days-26.8%

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mundelein 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 Mundelein, IL

Mundelein, IL has 85 homes on the market. Between October 2022 and November 2022, Mundelein, IL real estate market has seen increase in the number of listings by 3.7%. Listings spent 18 days on the market in November 2022, and had a median list price of $289,787 during the same period. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties decreased by 7.9%, prices of 2 bedrooms properties increased by 1.8%, 3 bedrooms properties prices increased by 5%, the cost of 4 bedrooms properties went up by 7.8%, prices of 5 bedrooms properties increased by 1.9%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 7.1%, 3 bedrooms homes inventory decreased by 2.5%, the quantity of 4 bedrooms homes went up by 11.1%, 5 bedrooms homes did not move. In November 2022 more than 7 listings in Mundelein, IL were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 15 were sold below.

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