$375,000
0.73 Acres
Land
#1587460, Wayne Johnson, Listing Office: Coldwell Banker Realty HDS
Is Cedar Lake, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Cedar Lake was a Buyer's Market.
Key Takeaway
Cedar Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cedar Lake, WI
How much do homes in Cedar Lake, WI cost?
Median Sold Price
$380,000
$150/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$50,100(+15.2%)
Key Takeaway
Homes in Cedar Lake have sold for 15.2% more than they did a month ago.
Summary: The median home sold price in Cedar Lake was $380,000 in November 2024, up 15.2% from last month, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | - | N/A |
| 2 Bedrooms | $329.9K | - | N/A |
| 3 Bedrooms | $320K | $279.9K | -12.5% |
| 4 Bedrooms | - | $380K | N/A |
| 5+ Bedrooms | - | $950K | N/A |
Summary: Cedar Lake housing prices by bedroom type for November 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 12.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cedar Lake | $329.9K | $380K | +15.2% |
| Edgewater | $330.5K | $300K | -9.2% |
Housing Supply in Cedar Lake, WI
How many homes are available in Cedar Lake, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 32 | -13.5% |
Summary: The Cedar Lake real estate market had 32 homes for sale in November 2024, a 13.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 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 decreased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Lake, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Cedar Lake in November 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Cedar Lake, WI
How long does it take to sell a home in Cedar Lake, WI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 Days | 59 Days | -42.2% |
Summary: Homes in Cedar Lake had an average of 59 days on market in Nov 2024, down by 42.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cedar Lake has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Cedar Lake; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
