Is Round Lake Beach, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Round Lake Beach is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, Round Lake Beach has remained a Seller's Market.

Key Takeaway

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

How much do homes in Round Lake Beach, IL cost?

Median Sold Price

$199,416

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$15,250(+8.3%)

Key Takeaway

Homes in Round Lake Beach have sold for 8.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $82K$108K
+31.7%
2 $128.2K$150K
+17.0%
3 $205K$214.9K
+4.9%
4 $235K$275K
+17.0%
5+ $225K$239.5K
+6.4%

Median Sold Price Compared To Nearby Cities

Lake Villa Township
+8.8%
Round Lake Beach
+8.3%
Avon Township
+8.1%
Lake Villa
+7.7%
Round Lake Heights
-2.0%

How many homes are available in Round Lake Beach, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
7464-13.5%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 43
-25.0%
2 88
0.0%
3 4334
-20.9%
4 1616
0.0%
5+ 33
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
2723-14.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Round Lake Beach, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
24 Days16 Days-32.4%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Round Lake Beach 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 Round Lake Beach, IL

There are 64 homes are for sale in Round Lake Beach, IL real estate market. The number of homes for sale in Round Lake Beach, IL decreased by 13.5% between November 2022 and December 2022. The median list price of listings available in December 2022 was $199,416, while the average time on the real estate market was 16 days. Real estate listing prices changed between November 2022 and December 2022: prices of 1 bedroom properties increased by 31.7%, 2 bedrooms properties prices increased by 17%, 3 bedrooms properties became 4.9% more expensive, the cost of 4 bedrooms properties went up by 17%, 5 bedrooms properties prices increased by 6.4%. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 25%, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes decreased by 20.9%, 4 bedrooms homes inventory did not change, number of 5 bedrooms homes remained the same. In December 2022 more than 6 listings in Round Lake Beach, IL were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 11 were sold below.

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