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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Round Lake Park is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Round Lake Park was a Buyer's Market.

Key Takeaway

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

Housing Prices in Round Lake Park, IL

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

Median Sold Price

$210,500

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$38,500(+22.4%)

Key Takeaway

Homes in Round Lake Park have sold for 22.4% more than they did a year ago.

Summary: The median home sold price in Round Lake Park was $210,500 in November 2024, up 22.4% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $117.4K$117.2K
-0.2%
2 $160K$190K
+18.8%
3 $190K$235K
+23.7%
4 $226.5K$285.7K
+26.2%
5+ $232.5K$245K
+5.4%

Summary: Round Lake Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Cities

Round Lake Park
+22.4%
Avon Township
+6.1%
Round Lake
+5.1%
Grayslake
-1.4%
Hainesville
-9.1%

Housing Supply in Round Lake Park, IL

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2935+20.7%

Summary: The Round Lake Park real estate market had 35 homes for sale in November 2024, a 20.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 1821
+16.7%
3 1011
+10.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The Round Lake Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Round Lake Park, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Round Lake Park in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for Round Lake Park, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days19 Days-25.5%

Summary: Homes in Round Lake Park had an average of 19 days on market in Nov 2024, down by 25.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Round Lake Park; 88% of homes were sold within 30 days, 13% 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 17 Days Ago

Newest Listings in Round Lake Park, IL

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