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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Round Lake Heights is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Round Lake Heights has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Round Lake Heights, IL

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

Median Sold Price

$306,285

$266/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$18,715(-5.8%)

Key Takeaway

Homes in Round Lake Heights have sold for 5.8% less than they did a month ago.

Summary: The median home sold price in Round Lake Heights was $306,285 in February 2024, down 5.8% from last month, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 -$306.2K
N/A
4 $325K-
N/A
5+ --
N/A

Summary: Round Lake Heights housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Round Lake Heights, IL

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

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
330.0%

Summary: The Round Lake Heights real estate market had 3 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The Round Lake Heights housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Round Lake Heights, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Round Lake Heights in February 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Round Lake Heights, IL

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

Average Sale Time

Jan 2024Feb 2024CHANGE
108 Days22 Days-79.6%

Summary: Homes in Round Lake Heights had an average of 22 days on market in Feb 2024, down by 79.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 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 Heights are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Round Lake Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

Newest Listings in Round Lake Heights, IL

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