Is Wonder Lake, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Wonder Lake has remained a Seller's Market.
Key Takeaway
Wonder Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wonder Lake, IL
How much do homes in Wonder Lake, IL cost?
Median Sold Price
$262,007
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Wonder Lake have sold for 7% more than they did a year ago.
Summary: The median home sold price in Wonder Lake was $262,007 in November 2023, up 7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $137.4K | +71.8% |
| 2 Bedrooms | $218K | $215.9K | -1.0% |
| 3 Bedrooms | $244.9K | $262.9K | +7.4% |
| 4 Bedrooms | $332.5K | $349.9K | +5.2% |
| 5+ Bedrooms | $328K | $545.5K | +66.3% |
Summary: Wonder Lake housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 71.8%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 66.3%.
Median Sold Price Compared To Nearby Cities
| Greenwood Township | $251.1K | $292.7K | +16.6% |
| Wonder Lake | $244.9K | $262K | +7.0% |
| McHenry Township | $244.5K | $259.9K | +6.3% |
Housing Supply in Wonder Lake, IL
How many homes are available in Wonder Lake, IL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 113 | 97 | -14.2% |
Summary: The Wonder Lake real estate market had 97 homes for sale in November 2023, a 14.2% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 27 | 21 | -22.2% |
| 3 Bedrooms | 58 | 49 | -15.5% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Wonder Lake housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wonder Lake, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in Wonder Lake in November 2023, up by 3.2% month-over-month. Of the 32 sold homes, 34% were sold under asking, 50% were sold at asking, and 16% were sold over asking.
Days on Market for Wonder Lake, IL
How long does it take to sell a home in Wonder Lake, IL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 47 Days | 26 Days | -43.8% |
Summary: Homes in Wonder Lake had an average of 26 days on market in Nov 2023, down by 43.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wonder Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 32 homes were sold in Wonder Lake; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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