Is Round Lake Beach, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Round Lake Beach has remained a Seller's Market.
Housing Prices in Round Lake Beach, IL
How much do homes in Round Lake Beach, IL cost?
Median Sold Price
$226,666
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Round Lake Beach was $226,666 in May 2024, up 10.8% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108.9K | $120K | +10.1% |
2 Bedrooms | $146K | $165K | +13.0% |
3 Bedrooms | $215K | $250K | +16.3% |
4 Bedrooms | $240K | $289.9K | +20.8% |
5+ Bedrooms | $250K | $321K | +28.4% |
Summary: Round Lake Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 28.4%.
Median Sold Price Compared To Nearby Cities
Avon Township | $226.1K | $253.2K | +12.0% |
Lake Villa Township | $285K | $318.5K | +11.8% |
Round Lake Beach | $204.5K | $226.6K | +10.8% |
Lake Villa | $325K | $325.5K | 0.2% |
Housing Supply in Round Lake Beach, IL
How many homes are available in Round Lake Beach, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 72 | +1.4% |
Summary: The Round Lake Beach real estate market had 72 homes for sale in May 2024, a 1.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 14 | 19 | +35.7% |
3 Bedrooms | 34 | 35 | +2.9% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Round Lake Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 21 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Round Lake Beach in May 2024, down by 22.2% month-over-month. Of the 21 sold homes, 24% were sold under asking, 19% were sold at asking, and 57% were sold over asking.
Days on Market for Round Lake Beach, IL
How long does it take to sell a home in Round Lake Beach, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 14 Days | +92.5% |
Summary: Homes in Round Lake Beach had an average of 14 days on market in May 2024, up by 92.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Round Lake Beach; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.