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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Round Lake Park is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Round Lake Park was a Seller's Market.

Key Takeaway

Round Lake Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

Median Sold Price

$175,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$40,000(+29.6%)

Key Takeaway

Homes in Round Lake Park have sold for 29.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $65.5K$92K
+40.5%
2 $124.9K$159K
+27.3%
3 $165K$185K
+12.1%
4 $180K$240K
+33.3%
5+ $194K$295K
+52.1%

Median Sold Price Compared To Nearby Cities

Round Lake Park
+29.6%
Grayslake
+8.5%
Avon Township
+7.3%
Hainesville
+3.9%
Round Lake
+3.3%

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

Number of Homes For Sale

Oct 2022Nov 2022%
3536+2.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1416
+14.3%
3 1413
-7.1%
4 77
0.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
95-44.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Round Lake Park, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
14 Days31 Days+117.3%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 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 Park are selling fast, if you're buying plan to act quickly.

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

About Round Lake Park, IL

Round Lake Park, IL has 36 homes for sale to choose from. The number of homes for sale in Round Lake Park, IL increased by 2.9% between October 2022 and November 2022. In November 2022 median list price was $175,000 and the average listing age was 31 days. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 40.5%, prices of 2 bedrooms properties increased by 27.3%, 3 bedrooms properties became 12.1% more expensive, the cost of 4 bedrooms properties went up by 33.3%, the cost of 5 bedrooms properties went up by 52.1%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went up by 14.3%, 3 bedrooms homes became 7.1% less available, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes have not changed. Over 2 listings were sold over their listed price in November 2022 in Round Lake Park, IL. In the same period over 2 listings were sold below the listed price and 1 listings were sold for the listed price.

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