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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wonder Lake is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Wonder Lake, IL

How much do homes in Wonder Lake, IL cost?

Median Sold Price

$292,495

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,495(+12.9%)

Key Takeaway

Homes in Wonder Lake have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Wonder Lake was $292,495 in October 2024, up 12.9% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $114.9K$165K
+43.6%
2 $214.9K$257K
+19.6%
3 $259.9K$290K
+11.6%
4 $350K$355K
+1.4%
5+ $545.5K$385K
-29.4%

Summary: Wonder Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.6%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 29.4%.

Median Sold Price Compared To Nearby Cities

Wonder Lake
+12.9%
McHenry Township
+11.1%
Greenwood Township
+8.0%

Housing Supply in Wonder Lake, IL

How many homes are available in Wonder Lake, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8994+5.6%

Summary: The Wonder Lake real estate market had 94 homes for sale in October 2024, a 5.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 4344
+2.3%
3 2727
0.0%
4 1518
+20.0%
5+ 22
0.0%

Summary: The Wonder Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 2.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2218-18.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wonder Lake, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Wonder Lake in October 2024, down by 18.2% month-over-month. Of the 18 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Wonder Lake, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days21 Days-23.7%

Summary: Homes in Wonder Lake had an average of 21 days on market in Oct 2024, down by 23.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 18 homes were sold in Wonder Lake; 67% of homes were sold within 30 days, 33% 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 Wonder Lake, IL

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