Is Fox Lake, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fox Lake has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $73.5K | $84.5K | +15.0% |
2 Bedrooms | $173.5K | $192.2K | +10.8% |
3 Bedrooms | $237K | $250K | +5.5% |
4 Bedrooms | $365.5K | $417.5K | +14.2% |
5+ Bedrooms | $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 | $245.4K | $260K | +5.9% |
Fox Lake | $217.4K | $225K | +3.5% |
Burton Township | $359.9K | $372.5K | +3.5% |
Antioch Township | $280K | $285.2K | +1.9% |
Spring Grove | $410K | $370.5K | -9.6% |
Housing Supply in Fox Lake, IL
How many homes are available in Fox Lake, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 77 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 27 | 22 | -18.5% |
3 Bedrooms | 18 | 23 | +27.8% |
4 Bedrooms | 11 | 16 | +45.5% |
5+ Bedrooms | 6 | 11 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 19 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 8 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
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.