Is Round Lake Beach, 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 Beach has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108K | $108K | 0.0% |
2 Bedrooms | $147K | $162.4K | +10.5% |
3 Bedrooms | $218.7K | $236K | +7.9% |
4 Bedrooms | $275K | $275K | 0.0% |
5+ Bedrooms | $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 | $227.6K | $250K | +9.8% |
Lake Villa Township | $285K | $312.4K | +9.6% |
Round Lake Beach | $205K | $219K | +6.8% |
Lake Villa | $325K | $325K | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 69 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 13 | 17 | +30.8% |
3 Bedrooms | 23 | 30 | +30.4% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 2 | 3 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 20 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 30 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
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.