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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lily Lake is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Lily Lake, IL

How much do homes in Lily Lake, IL cost?

Median Sold Price

$580,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$22,500(+4.0%)

Key Takeaway

Homes in Lily Lake have sold for 4% more than they did a year ago.

Summary: The median home sold price in Lily Lake was $580,000 in April 2024, up 4% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $364.9K$376.9K
+3.3%
4 $565K$585.5K
+3.6%
5+ $609.9K-
N/A

Summary: Lily Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Virgil Township
+78.7%
Maple Park
+49.2%
Campton Township
+10.9%
Lily Lake
+4.0%

Housing Supply in Lily Lake, IL

How many homes are available in Lily Lake, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
330.0%

Summary: The Lily Lake real estate market had 3 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Lily 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lily Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Lily Lake in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lily Lake, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
33 Days102 Days+209.1%

Summary: Homes in Lily Lake had an average of 102 days on market in Apr 2024, up by 209.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lily Lake are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 1 homes were sold in Lily Lake; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 Lily Lake, IL

Nearby Markets to Lily Lake, IL

What housing markets are near Lily Lake, IL?