Housing Prices in Tower Lakes, IL

How much do homes in Tower Lakes, IL cost?

Median List Price

$614,700

$173/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

-$10,200(-1.6%)

Key Takeaway

The list price of homes in Tower Lakes has decreased by 1.6% since last year.

Summary: The median home list price in Tower Lakes was $614,700 in October 2024, down 1.6% from the previous year, and the median price per square foot was $173.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $379K$559K
+47.5%
4 $650K$579.9K
-10.8%
5+ $775K$712.2K
-8.1%

Summary: Tower Lakes housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 47.5%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 8.1%.

Median List Price Compared To Nearby Cities

Cuba Township
+7.2%
Wauconda Township
+6.7%
Lake Barrington
+5.9%
Tower Lakes
-1.6%

Housing Supply in Tower Lakes, IL

How many homes are available in Tower Lakes, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
56+20.0%

Summary: The Tower Lakes real estate market had 6 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 33
0.0%
5+ 11
0.0%

Summary: The Tower Lakes housing inventory by bedroom type for October 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for Tower Lakes, IL

How long does it take to sell a home in Tower Lakes, IL?

Average Listing Age

Oct 2023Oct 2024CHANGE
66 Days73 Days+10.3%

Summary: Homes in Tower Lakes had an average listing age of 73 days in Oct 2024, up by 10.3% compared to the previous year.

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

Report Updated 5 Days Ago

Newest Listings in Tower Lakes, IL

Nearby Markets to Tower Lakes, IL

What housing markets are near Tower Lakes, IL?