Is Water's Edge Condos, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Water's Edge Condos is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Water's Edge Condos was a Neutral Market.

Key Takeaway

Water's Edge Condos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Water's Edge Condos, IL

How much do homes in Water's Edge Condos, IL cost?

Median Sold Price

$181,250

$183/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$2,750(+1.5%)

Key Takeaway

Homes in Water's Edge Condos have sold for 1.5% more than they did a month ago.

Summary: The median home sold price in Water's Edge Condos was $181,250 in April 2024, up 1.5% from last month, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $178.5K$181.2K
+1.5%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Water's Edge Condos housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Water's Edge Condos
+1.5%
Cherokee at Indian Lakes Resort
-43.3%

Housing Supply in Water's Edge Condos, IL

How many homes are available in Water's Edge Condos, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
770.0%

Summary: The Water's Edge Condos real estate market had 7 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 77
0.0%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Water's Edge Condos housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Water's Edge Condos, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Water's Edge Condos in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Water's Edge Condos, IL

How long does it take to sell a home in Water's Edge Condos, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
2 Days5 Days+175.0%

Summary: Homes in Water's Edge Condos had an average of 5 days on market in Apr 2024, up by 175% compared to last month.

Breakdown of Home Sale Times

2 Homes Were 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 Water's Edge Condos are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Water's Edge Condos; 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 22 Days Ago

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