Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 16% from one year earlier, and down 3% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 14%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 230-thousand dollars. The number of units sold increased 125% year-over-year, and increased 80% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Lake Villa, IL
Area Information for Lake Villa, IL
Population:8,628
Median Age:39.93 yr
Median Commute Time:35 mins
Educational Climate*:4
Sales Tax:0%
Population Density:1,228/sq mi
Population Change Since 2000:30.83%
Closest Airport:Chicago O'hare International
Closest College:Univ St Mary The Lake-mundelein Seminary
Closest Jr. College:College Of Lake County
Median Household Income:$94,101
Annual Residential Turnover:0%
Median Home Sales Price:$315,000
Closest Major Sports Team:Kane County Cougars (a)
Change Avg. Household Income Since 2000:55.98%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Lake Villa, IL
Median Age: 39.93Married: 45%Number of Households: 2,978Households with Children: 1,073
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.