Is Lakemoor, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakemoor is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Lakemoor, IL

How much do homes in Lakemoor, IL cost?

Median Sold Price

$261,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,000(+16.5%)

Key Takeaway

Homes in Lakemoor have sold for 16.5% more than they did a year ago.

Summary: The median home sold price in Lakemoor was $261,000 in October 2024, up 16.5% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$82K
N/A
2 $199.7K$218K
+9.1%
3 $222.5K$279.5K
+25.6%
4 $359K$430K
+19.8%
5+ $595K$488K
-18.0%

Summary: Lakemoor housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 18%.

Median Sold Price Compared To Nearby Cities

Volo
+22.9%
Lakemoor
+16.5%
McHenry Township
+11.1%
Grant Township
+4.5%
Johnsburg
+0.8%

Housing Supply in Lakemoor, IL

How many homes are available in Lakemoor, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3031+3.3%

Summary: The Lakemoor real estate market had 31 homes for sale in October 2024, a 3.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 1010
0.0%
4 1111
0.0%
5+ 11
0.0%

Summary: The Lakemoor housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
511+120.0%

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 Lakemoor, 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 Lakemoor in October 2024, up by 120.0% 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 Lakemoor, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days14 Days-38.6%

Summary: Homes in Lakemoor had an average of 14 days on market in Oct 2024, down by 38.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Lakemoor; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

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