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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fox Lake is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Fox Lake was a Seller's Market.

Key Takeaway

Fox Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Fox Lake, IL

How much do homes in Fox Lake, IL cost?

Median Sold Price

$230,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,000(+2.2%)

Key Takeaway

Homes in Fox Lake have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Fox Lake was $230,000 in November 2024, up 2.2% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $84K$83K
-1.2%
2 $189K$205K
+8.5%
3 $245K$268.9K
+9.8%
4 $355K$471.7K
+32.9%
5+ $655K$453.7K
-30.7%

Summary: Fox Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 32.9%, and 5+ bedroom homes decreased by 30.7%.

Median Sold Price Compared To Nearby Cities

Burton Township
+15.2%
Spring Grove
+10.4%
Antioch Township
+7.0%
Grant Township
+4.6%
Fox Lake
+2.2%

Housing Supply in Fox Lake, IL

How many homes are available in Fox Lake, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
73730.0%

Summary: The Fox Lake real estate market had 73 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 78
+14.3%
2 3226
-18.8%
3 2329
+26.1%
4 97
-22.2%
5+ 23
+50.0%

Summary: The Fox Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 26.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2111-47.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fox Lake, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Fox Lake in November 2024, down by 47.6% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.

Days on Market for Fox Lake, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days36 Days+44.6%

Summary: Homes in Fox Lake had an average of 36 days on market in Nov 2024, up by 44.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fox Lake are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Fox Lake; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% 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 17 Days Ago

Newest Listings in Fox Lake, IL

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