Is Round Lake Park, 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 Park has remained a Seller's Market.
Key Takeaway
Round Lake Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Round Lake Park, IL
How much do homes in Round Lake Park, IL cost?
Median Sold Price
$181,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Round Lake Park have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Round Lake Park was $181,000 in March 2024, up 7.8% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | $125K | +27.6% |
| 2 Bedrooms | $154.5K | $165K | +6.8% |
| 3 Bedrooms | $179K | $199.5K | +11.5% |
| 4 Bedrooms | $238K | $262.5K | +10.3% |
| 5+ Bedrooms | $257.5K | $277.5K | +7.8% |
Summary: Round Lake Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.6%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
| Avon Township | $227.6K | $250K | +9.8% |
| Round Lake Park | $167.9K | $181K | +7.8% |
| Hainesville | $252.9K | $270K | +6.7% |
| Round Lake | $250K | $266K | +6.4% |
| Grayslake | $281.5K | $297.4K | +5.7% |
Housing Supply in Round Lake Park, IL
How many homes are available in Round Lake Park, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 38 | +18.8% |
Summary: The Round Lake Park real estate market had 38 homes for sale in March 2024, a 18.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 20 | 25 | +25.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Round Lake Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Round Lake Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Round Lake Park in March 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Round Lake Park, IL
How long does it take to sell a home in Round Lake Park, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 19 Days | -60.4% |
Summary: Homes in Round Lake Park had an average of 19 days on market in Mar 2024, down by 60.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Round Lake Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Round Lake Park; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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