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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wonder Lake is a seller's market

Buyer's
Market

Difference Since March 2023

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

$271,848

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$23,648(+9.5%)

Key Takeaway

Homes in Wonder Lake have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Wonder Lake was $271,848 in March 2024, up 9.5% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $80K$137.4K
+71.8%
2 $220.4K$219.9K
-0.2%
3 $250.8K$270K
+7.7%
4 $338.3K$349.9K
+3.4%
5+ $345K$680K
+97.1%

Summary: Wonder Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.8%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 97.1%.

Median Sold Price Compared To Nearby Cities

Greenwood Township
+16.1%
Wonder Lake
+9.5%
McHenry Township
+8.8%

Housing Supply in Wonder Lake, IL

How many homes are available in Wonder Lake, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6465+1.6%

Summary: The Wonder Lake real estate market had 65 homes for sale in March 2024, a 1.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2019
-5.0%
3 2627
+3.8%
4 1718
+5.9%
5+ 00
0.0%

Summary: The Wonder Lake 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 decreased by 5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2120-4.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wonder Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Wonder Lake in March 2024, down by 4.8% month-over-month. Of the 20 sold homes, 50% were sold under asking, 35% were sold at asking, and 15% 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

Mar 2023Mar 2024CHANGE
42 Days24 Days-44.1%

Summary: Homes in Wonder Lake had an average of 24 days on market in Mar 2024, down by 44.1% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wonder Lake are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 20 homes were sold in Wonder Lake; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% 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 19 Days Ago

Newest Listings in Wonder Lake, IL

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