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!