Is Mundelein, 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, Mundelein has remained a Seller's Market.
Housing Prices in Mundelein, IL
How much do homes in Mundelein, IL cost?
Median Sold Price
$374,234
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mundelein was $374,234 in March 2024, up 22.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $245K | $300K | +22.4% |
3 Bedrooms | $275K | $354.9K | +29.1% |
4 Bedrooms | $390K | $475K | +21.8% |
5+ Bedrooms | $495K | $540K | +9.1% |
Summary: Mundelein 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 22.4%, 3 bedroom homes increased by 29.1%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
Mundelein | $306.3K | $374.2K | +22.1% |
Libertyville | $473K | $545K | +15.2% |
Fremont Township | $360.2K | $394.2K | +9.4% |
Hawthorn Woods | $612.5K | $654.6K | +6.9% |
Indian Creek | $460K | $480K | +4.3% |
Housing Supply in Mundelein, IL
How many homes are available in Mundelein, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 109 | +28.2% |
Summary: The Mundelein real estate market had 109 homes for sale in March 2024, a 28.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 23 | +43.8% |
3 Bedrooms | 33 | 46 | +39.4% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Mundelein housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 43.8%, 3 bedroom homes increased by 39.4%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 30 | +30.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Mundelein in March 2024, up by 30.4% month-over-month. Of the 30 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for Mundelein, IL
How long does it take to sell a home in Mundelein, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 28 Days | +58.6% |
Summary: Homes in Mundelein had an average of 28 days on market in Mar 2024, up by 58.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Mundelein; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.