Is Loves Park, 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, Loves Park has remained a Seller's Market.
Housing Prices in Loves Park, IL
How much do homes in Loves Park, IL cost?
Median Sold Price
$173,500
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Loves Park was $173,500 in April 2024, up 3.9% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $66.5K | -48.8% |
2 Bedrooms | $136K | $150K | +10.3% |
3 Bedrooms | $183.9K | $179K | -2.7% |
4 Bedrooms | $249.9K | $285K | +14.0% |
5+ Bedrooms | $348.1K | $383K | +10.0% |
Summary: Loves Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.8%, 2 bedroom homes increased by 10.3%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
Caledonia Township | $220K | $245K | +11.4% |
Machesney Park | $162K | $170K | +4.9% |
Loves Park | $167K | $173.5K | +3.9% |
Harlem Township | $184.5K | $189.9K | +2.9% |
Housing Supply in Loves Park, IL
How many homes are available in Loves Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 40 | +5.3% |
Summary: The Loves Park real estate market had 40 homes for sale in April 2024, a 5.3% 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 | 12 | 12 | 0.0% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Loves Park 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 increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 19 | +111.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Loves Park in April 2024, up by 111.1% month-over-month. Of the 19 sold homes, 21% were sold under asking, 11% were sold at asking, and 68% were sold over asking.
Days on Market for Loves Park, IL
How long does it take to sell a home in Loves Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 20 Days | -36.4% |
Summary: Homes in Loves Park had an average of 20 days on market in Apr 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
15 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, 19 homes were sold in Loves Park; 79% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.