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Community
Market Report
Round Lake Heights, Illinois
Market Summary
All Property Types
Recent Sales Trends
The statistics below highlight key market indicators for Round Lake Heights, Illinois. The data in the Sold Listings table is based on homes sold within the month of April 2023.
No data available
Round Lake Heights, Illinois -
Data provided by Midwest Real Estate Data Inc. All information is deemed reliable but not guaranteed.
Equal Housing OpportunityHomes Sold
Round Lake Heights, Illinois -
Data provided by Midwest Real Estate Data Inc. All information is deemed reliable but not guaranteed.
Equal Housing OpportunityMarket Conditions
Market Climate
32
Median Days on Market
0.0
Months of inventory indicates the amount of homes for sale relative to the amount of homes purchased.
50%
Properties Sold Over Original Asking Price
April 2023
Buyer's vs. Seller's Market
This graphic explains the key similarities and differences between a buyer's and seller's market; and how these market factors impact each group.
How it Impacts Buyers
Buyer's Market
More people selling homes than buying
- More homes to choose from
- More negotiating power
- Could spend less than asking price
- Price restrictions
- Rarely competing offers
How it Impacts Sellers
Seller's Market
More people buying homes than selling
- Fewer homes to choose from
- Less negotiating power
- Need to be able to close quickly
- Could spend more than asking price
- Competition from other buyers
How it Impacts Buyers
Buyer's Market
More people selling homes than buying
- Takes more time to sell
- Fewer offers received
- Could get lower than asking price
- May have to make repairs and/or concessions
How it Impacts Sellers
Seller's Market
More people buying homes than selling
- Home sells quickly
- Multiple offers likely
- Could get more than asking price
- Buyers willing to overlook repairs
Round Lake Heights, Illinois -
Data provided by Midwest Real Estate Data Inc. All information is deemed reliable but not guaranteed.
Equal Housing OpportunityData provided by Midwest Real Estate Data Inc. All information is deemed reliable but not guaranteed.