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 2020

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

$184,000

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$14,840(+8.8%)

Key Takeaway

Homes in Round Lake Beach have sold for 8.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $85K$82K
-3.5%
2 $115.7K$128K
+10.6%
3 $176.5K$205K
+16.1%
4 $185K$235K
+27.0%
5+ $206K$225K
+9.2%

Median Sold Price Compared To Nearby Cities

Lake Villa Township
+18.1%
Lake Villa
+16.6%
Avon Township
+12.6%
Round Lake Beach
+8.8%
Round Lake Heights
+7.0%

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

Number of Homes For Sale

Nov 2021Dec 2021%
9981-18.2%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 33
0.0%
2 2321
-8.7%
3 5543
-21.8%
4 1814
-22.2%
5+ 00
0.0%

Number of Homes Sold

Nov 2021Dec 2021%
3418-47.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 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. 38.9% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
24 Days26 Days+9.1%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

About Round Lake Beach, IL

Round Lake Beach, IL has 81 homes on the market. The number of homes for sale in Round Lake Beach, IL decreased by 18.2% between November 2021 and December 2021. Listings spent 26 days on the market in December 2021, and had a median list price of $184,000 during the same period. This housing market listing prices have changed between November 2021 and December 2021: prices of 1 bedroom properties went down by 3.5%, the cost of 2 bedrooms properties went up by 10.6%, the cost of 3 bedrooms properties went up by 16.1%, 4 bedrooms properties became 27% more expensive, 5 bedrooms properties became 9.2% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes became 8.7% less available, volume of 3 bedrooms homes went down by 21.8%, 4 bedrooms homes became 22.2% less available, number of 5 bedrooms homes remained the same. In December 2021, from all listings sold in Round Lake Beach, IL there were more than 7 sold above asking price, over 7 sold below and more than 4 were sold right at the asked price.

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