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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McCullom Lake is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, McCullom Lake has remained a Seller's Market.

Key Takeaway

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

Housing Prices in McCullom Lake, IL

How much do homes in McCullom Lake, IL cost?

Median Sold Price

$165,500

$167/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$19,500(-10.5%)

Key Takeaway

Homes in McCullom Lake have sold for 10.5% less than they did a month ago.

Summary: The median home sold price in McCullom Lake was $165,500 in October 2024, down 10.5% from last month, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $185K$165.5K
-10.5%
4 --
N/A
5+ --
N/A

Summary: McCullom Lake housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in McCullom Lake, IL

How many homes are available in McCullom Lake, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
330.0%

Summary: The McCullom Lake real estate market had 3 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 32
-33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The McCullom Lake 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McCullom Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in McCullom Lake in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for McCullom Lake, IL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
2 Days12 Days+525.0%

Summary: Homes in McCullom Lake had an average of 12 days on market in Oct 2024, up by 525% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in McCullom Lake; 100% of homes were sold within 30 days, 0% 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

Newest Listings in McCullom Lake, IL

Nearby Markets to McCullom Lake, IL

What housing markets are near McCullom Lake, IL?