Is Round Lake 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, Round Lake Park has remained a Seller's Market.
Housing Prices in Round Lake Park, IL
How much do homes in Round Lake Park, IL cost?
Median Sold Price
$185,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Round Lake Park was $185,000 in April 2024, up 11.8% 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 | $98K | $117.4K | +19.8% |
2 Bedrooms | $159K | $169.5K | +6.6% |
3 Bedrooms | $172.4K | $200K | +16.0% |
4 Bedrooms | $239K | $275K | +15.1% |
5+ Bedrooms | $250K | $277.5K | +11.0% |
Summary: Round Lake Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
Round Lake Park | $165.5K | $185K | +11.8% |
Avon Township | $227.3K | $250K | +10.0% |
Grayslake | $284K | $299.7K | +5.5% |
Round Lake | $253.8K | $260.7K | +2.7% |
Hainesville | $259.9K | $265.9K | +2.3% |
Housing Supply in Round Lake Park, IL
How many homes are available in Round Lake Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 40 | +25.0% |
Summary: The Round Lake Park real estate market had 40 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 20 | 27 | +35.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Round Lake Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Round Lake Park in April 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Round Lake Park, IL
How long does it take to sell a home in Round Lake Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 28 Days | +97.6% |
Summary: Homes in Round Lake Park had an average of 28 days on market in Apr 2024, up by 97.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Round Lake Park; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.