Is Wonder Lake, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Wonder Lake has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $137.4K | +71.8% |
2 Bedrooms | $220.4K | $219.9K | -0.2% |
3 Bedrooms | $250.8K | $270K | +7.7% |
4 Bedrooms | $338.3K | $349.9K | +3.4% |
5+ Bedrooms | $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 | $255K | $296K | +16.1% |
Wonder Lake | $248.2K | $271.8K | +9.5% |
McHenry Township | $247.5K | $269.2K | +8.8% |
Housing Supply in Wonder Lake, IL
How many homes are available in Wonder Lake, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 65 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 19 | -5.0% |
3 Bedrooms | 26 | 27 | +3.8% |
4 Bedrooms | 17 | 18 | +5.9% |
5+ Bedrooms | 0 | 0 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 20 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 24 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
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.