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 March 2023

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.

Housing Prices in Round Lake Beach, IL

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

Median Sold Price

$219,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$14,000(+6.8%)

Key Takeaway

Homes in Round Lake Beach have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Round Lake Beach was $219,000 in March 2024, up 6.8% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $108K$108K
0.0%
2 $147K$162.4K
+10.5%
3 $218.7K$236K
+7.9%
4 $275K$275K
0.0%
5+ $242.5K$335.5K
+38.4%

Summary: Round Lake Beach 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 10.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 38.4%.

Median Sold Price Compared To Nearby Cities

Avon Township
+9.8%
Lake Villa Township
+9.6%
Round Lake Beach
+6.8%
Lake Villa
0.0%

Housing Supply in Round Lake Beach, IL

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

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5069+38.0%

Summary: The Round Lake Beach real estate market had 69 homes for sale in March 2024, a 38.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 24
+100.0%
2 1317
+30.8%
3 2330
+30.4%
4 1015
+50.0%
5+ 23
+50.0%

Summary: The Round Lake Beach 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 30.8%, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
820+150.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 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. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Round Lake Beach in March 2024, up by 150.0% month-over-month. Of the 20 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Round Lake Beach, IL

How long does it take to sell a home in Round Lake Beach, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
23 Days30 Days+30.6%

Summary: Homes in Round Lake Beach had an average of 30 days on market in Mar 2024, up by 30.6% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 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.

Summary: During March 2024, 20 homes were sold in Round Lake Beach; 75% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Round Lake Beach, IL

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