Round Lake, IL Home Values & Market Trends

Real estate market trends reflect that there have been 255 transactions over the past year in Round Lake. The median value for residential home transactions that occurred over the previous year is $271,096.63. The number of current listings in Round Lake is 4, and the percentage of properties for sale in the city is 4.00%. Round Lake, IL currently has 12 properties in foreclosure, 6 bank owned properties, 3 properties headed for auction, and 4 properties for sale.

Round Lake, IL Real Estate Market Overview

ZipMedian Est. Value
60073

$ 183,374

$ 144/sqft

Housing Market Summary for Round Lake, IL

Mar 2023February 2024Change
Median Listing Price$264.5K$268K1.32%
Median Sold Price$228.7K$268K17.17%
Homes For Sale103-70.00%
Homes Sold228185-18.86%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Round Lake, IL

Round Lake home values range from $21,616 to $1,444,606. The median estimated value of a home in Round Lake is $271,096.63. The median list price of a home is 285,000, and the total count of properties in the city is 6,881.

Foreclosure
There is 1 zips within Round Lake, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $423,795 in 60073 to the lowest value of $38,314 in 60073. Foreclosure homes account for 0.00% of properties in Round Lake, IL with 60073 containing 50 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.04% of all residential properties in Round Lake, IL with 60073 containing 19 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Round Lake, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $423,795 in 60073 to the lowest home value of $154,189 in 60073.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Round Lake, IL ranges from the highest value of $422,445 in 60073 to the lowest value of $38,314 in 60073. Bank owned homes and properties account for 0.09% of properties in Round Lake, IL. There is 1 zips within Round Lake, IL; 60073 containing 18 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    60073 has 13 auction properties, the highest number of properties going to auction in a single zip in the state of Round Lake, IL. Auction homes and other auction properties account for 0.04% of all properties in Round Lake, IL. There is 1 zips within Round Lake, IL; of that zips, the median estimated home value for homes going to auction ranges from $384,021 in 60073 to the lowest value of $115,565 in 60073.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.06% of residential properties in Round Lake, IL with 60073 containing 22 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Round Lake, IL; homes for sale in that zips, have a range of median values from $450,000 in 60073 to the lowest value of $63,699 in 60073.
    Sold Homes
    The median value for recently sold homes ranges from $472,328 in 60073 to the lowest price of $23,283 in 60073. There is 1 zips within Round Lake, IL. 60073 has 505 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.63% of properties in Round Lake, IL.

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      Guide for Round Lake, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      A new home
      Home Buying Financing
      How Much Should You Spend On Your First Home?
      Buy to Rent
      How To Choose The Right Property Management Tool
      Buy to Rent
      6 Tips For Dealing With Difficult Tenants
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      A new home
      How Much Should You Spend On Your First Home?
      Home Buying Financing|posted 6 March 2024

      Buying your first home is an exciting and significant milestone in life. It’s a decision that requires careful consideration, especially when it comes to finances. Understanding how much you should spend on your first home is crucial to ensure a smooth and stress-free buying process. In this article, we will explore the basics of home […]

      How To Choose The Right Property Management Tool
      Buy to Rent|posted 5 March 2024

      Learn how to select the perfect property management tool for your real estate business.

      6 Tips For Dealing With Difficult Tenants
      Buy to Rent|posted 5 March 2024

      Discover 6 practical tips to effectively handle challenging tenants and maintain a harmonious landlord-tenant relationship.

      Recently Listed Homes Round Lake, IL

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