Is Cedar Lake, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedar Lake is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Cedar Lake, IN

How much do homes in Cedar Lake, IN cost?

Median Sold Price

$356,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$71,010(+24.9%)

Key Takeaway

Homes in Cedar Lake have sold for 24.9% more than they did a year ago.

Summary: The median home sold price in Cedar Lake was $356,000 in November 2024, up 24.9% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $278K$285K
+2.5%
3 $500K$363.7K
-27.3%
4 $460K$543.7K
+18.2%
5+ $445K$550K
+23.6%

Summary: Cedar Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 23.6%.

Median Sold Price Compared To Nearby Cities

Cedar Lake
+24.9%
Hanover Township
+1.4%

Housing Supply in Cedar Lake, IN

How many homes are available in Cedar Lake, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
85-37.5%

Summary: The Cedar Lake real estate market had 5 homes for sale in November 2024, a 37.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 42
-50.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Cedar Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedar Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Cedar Lake in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cedar Lake, IN

How long does it take to sell a home in Cedar Lake, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days52 Days+51.3%

Summary: Homes in Cedar Lake had an average of 52 days on market in Nov 2024, up by 51.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Cedar Lake; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 2 Days Ago

Newest Listings in Cedar Lake, IN

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