Is Lake in the Hills, 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, Lake in the Hills has remained a Seller's Market.
Housing Prices in Lake in the Hills, IL
How much do homes in Lake in the Hills, IL cost?
Median Sold Price
$310,500
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake in the Hills was $310,500 in April 2024, up 0.8% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101K | $125K | +23.9% |
2 Bedrooms | $201.5K | $229K | +13.6% |
3 Bedrooms | $301.5K | $310K | +2.8% |
4 Bedrooms | $380K | $402K | +5.8% |
5+ Bedrooms | $439.5K | $469.2K | +6.8% |
Summary: Lake in the Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.9%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
Crystal Lake | $285.6K | $347.7K | +21.7% |
Algonquin | $340K | $368.7K | +8.4% |
Lakewood | $490.5K | $527K | +7.4% |
Grafton Township | $361.8K | $373.4K | +3.2% |
Lake in the Hills | $308K | $310.5K | +0.8% |
Housing Supply in Lake in the Hills, IL
How many homes are available in Lake in the Hills, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 77 | +18.5% |
Summary: The Lake in the Hills real estate market had 77 homes for sale in April 2024, a 18.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 36 | 34 | -5.6% |
4 Bedrooms | 19 | 28 | +47.4% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Lake in the Hills 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 increased by 42.9%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 47.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 17 | -26.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Lake in the Hills in April 2024, down by 26.1% month-over-month. Of the 17 sold homes, 24% were sold under asking, 12% were sold at asking, and 65% were sold over asking.
Days on Market for Lake in the Hills, IL
How long does it take to sell a home in Lake in the Hills, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 19 Days | -43.5% |
Summary: Homes in Lake in the Hills had an average of 19 days on market in Apr 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Lake in the Hills; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.