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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fox Lake is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Fox Lake has remained a Seller's Market.

Key Takeaway

Fox Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fox Lake, IL

How much do homes in Fox Lake, IL cost?

Median Sold Price

$225,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$7,550(+3.5%)

Key Takeaway

Homes in Fox Lake have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Fox Lake was $225,000 in April 2024, up 3.5% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $73.5K$84.5K
+15.0%
2 $173.5K$192.2K
+10.8%
3 $237K$250K
+5.5%
4 $365.5K$417.5K
+14.2%
5+ $505K$655K
+29.7%

Summary: Fox Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 29.7%.

Median Sold Price Compared To Nearby Cities

Grant Township
+5.9%
Fox Lake
+3.5%
Burton Township
+3.5%
Antioch Township
+1.9%
Spring Grove
-9.6%

Housing Supply in Fox Lake, IL

How many homes are available in Fox Lake, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6777+14.9%

Summary: The Fox Lake real estate market had 77 homes for sale in April 2024, a 14.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 55
0.0%
2 2722
-18.5%
3 1823
+27.8%
4 1116
+45.5%
5+ 611
+83.3%

Summary: The Fox Lake 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 decreased by 18.5%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 83.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2119-9.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fox Lake, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Fox Lake in April 2024, down by 9.5% month-over-month. Of the 19 sold homes, 26% were sold under asking, 16% were sold at asking, and 58% were sold over asking.

Days on Market for Fox Lake, IL

How long does it take to sell a home in Fox Lake, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days8 Days-72.8%

Summary: Homes in Fox Lake had an average of 8 days on market in Apr 2024, down by 72.8% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 19 homes were sold in Fox Lake; 95% of homes were sold within 30 days, 5% 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 17 Days Ago

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