Is Round Lake, 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, Round Lake has remained a Seller's Market.
Housing Prices in Round Lake, IL
How much do homes in Round Lake, IL cost?
Median Sold Price
$266,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Round Lake was $266,000 in March 2024, up 6.4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $108K | -10.0% |
2 Bedrooms | $207.5K | $227.5K | +9.6% |
3 Bedrooms | $239.9K | $275K | +14.6% |
4 Bedrooms | $342.5K | $369.9K | +8.0% |
5+ Bedrooms | $387.5K | $438K | +13.0% |
Summary: Round Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
Avon Township | $227.6K | $250K | +9.8% |
Grant Township | $239.9K | $261.1K | +8.8% |
Round Lake Park | $167.9K | $181K | +7.8% |
Round Lake Beach | $205K | $219K | +6.8% |
Round Lake | $250K | $266K | +6.4% |
Housing Supply in Round Lake, IL
How many homes are available in Round Lake, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 53 | +26.2% |
Summary: The Round Lake real estate market had 53 homes for sale in March 2024, a 26.2% 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 | 9 | 12 | +33.3% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Round Lake 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 33.3%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 19 | +90.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Round Lake in March 2024, up by 90.0% month-over-month. Of the 19 sold homes, 21% were sold under asking, 16% were sold at asking, and 63% were sold over asking.
Days on Market for Round Lake, IL
How long does it take to sell a home in Round Lake, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 31 Days | +64.5% |
Summary: Homes in Round Lake had an average of 31 days on market in Mar 2024, up by 64.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Round Lake; 79% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.