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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Round Lake Beach is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Round Lake Beach has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Round Lake Beach, IL

How much do homes in Round Lake Beach, IL cost?

Median Sold Price

$232,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,100(+10.5%)

Key Takeaway

Homes in Round Lake Beach have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Round Lake Beach was $232,000 in October 2024, up 10.5% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $108K$121.5K
+12.5%
2 $151.3K$177K
+17.0%
3 $229K$256.3K
+11.9%
4 $277.5K$297.5K
+7.2%
5+ $321K$299K
-6.9%

Summary: Round Lake Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 6.9%.

Median Sold Price Compared To Nearby Cities

Round Lake Beach
+10.5%
Avon Township
+9.1%
Lake Villa Township
+8.1%
Lake Villa
+3.1%

Housing Supply in Round Lake Beach, IL

How many homes are available in Round Lake Beach, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7174+4.2%

Summary: The Round Lake Beach real estate market had 74 homes for sale in October 2024, a 4.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 2323
0.0%
3 3533
-5.7%
4 1217
+41.7%
5+ 01
+100.0%

Summary: The Round Lake Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2423-4.2%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Round Lake Beach, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Round Lake Beach in October 2024, down by 4.2% month-over-month. Of the 23 sold homes, 43% were sold under asking, 13% were sold at asking, and 43% 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

Oct 2023Oct 2024CHANGE
23 Days18 Days-21.3%

Summary: Homes in Round Lake Beach had an average of 18 days on market in Oct 2024, down by 21.3% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 23 homes were sold in Round Lake Beach; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% 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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