Real Estate In Island Lake is a balanced market favoring buyers. There is significant amount of homes for sale in Island Lake, and buyers are not in a rush to buy yet. There is a 7.64 months supply of inventory on the market in Island Lake on August 31, 2018.



Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Island Lake last month was 98 days.
It took on average 18 days to sell Island Lake Condo, Townhouse or a Duplex.
The number of home sales in Island Lake from July 1, 2018 through July 31, 2018 was 11 units. That is 1% above the number of homes sold last month in Island Lake.

The average price per square foot in the area is now $90/Sq.Ft, which is 14% a decline from last month.



In Island Lake there were 5 units sold in July in the price range between $112,000 – $140,107 with an average of 2 bedrooms and 1.8 bathrooms and average Square footage of 1,125SF.

In Island Lake there were 3 units sold in July in the price range between $140,108 – $207,106 with an average of 2.7 bedrooms and 1.8 bathrooms and average Square footage of 1,489SF.

In Island Lake there were 3 units sold in July in the price range between $207,107 – $246,000 with an average of 3.7 bedrooms and 2.4 bathrooms and average Square footage of 1,850SF.

The low price range had the most activity. Homes up to $140,107 were on the market on average 31 days and sold an average of $125,600.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Island Lake. Search all Island Lake homes for Sale on propertyup.com If you are considering viewing Island Lake, you may want to do so now!

Island Lake
Jun 1, 2018 – Jun 30, 2018
Jul 1, 2018 – Jul 31, 2018
Month
June
July
Average Listing Price
$246,368
$236,607
Median Sales Price
$197,348
$168,213
Month supply of inventory
6.6
7.6
Market Time Detached
67 days
98 days
Market Time Attached
14 days
18 days
Inventory
97 properties
108 properties
Low price range
$122,000 – $159,674
$112,000 – $140,107
Low price range market time
116 days
31 days
Low price range units sold
0
5
Low price range bedrooms
2.8
2
Low price range bathrooms
1.7
1.8
Low price range approx sqft
1,179 SF
1,125 SF
Mid price range
$159,675 – $284,923
$140,108 – $207,106
Mid price range market time
24 days
7 days
Mid price range units sold
10
3
Mid price range bedrooms
3.3
2.7
Mid price range bathrooms
1.8
1.8
Mid price range approx sqft
1,588 SF
1,489 SF
High price range
$284,924 – $372,500
$207,107 – $246,000
High price range market time
26 days
141 days
High price range units sold
3
3
High price range bedrooms
4
3.7
High price range bathrooms
2.8
2.4
High price range approxsqft
2,586 SF
1,850 SF