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 6.22 months supply of inventory on the market in Island Lake on November 30, 2018.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Island Lake last month was 48 days.
It took on average 42 days to sell Island Lake Condo, Townhouse or a Duplex.
The number of home sales in Island Lake from October 1, 2018 through October 31, 2018 was 14 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 $71/Sq.Ft, which is 0% an increase from last month.



In Island Lake there were 2 units sold in October in the price range between $67,000 – $109,064 with an average of 3.5 bedrooms and 1.1 bathrooms and average Square footage of 1,523SF.

In Island Lake there were 9 units sold in October in the price range between $109,065 – $187,563 with an average of 2.6 bedrooms and 1.3 bathrooms and average Square footage of 1,197SF.

In Island Lake there were 3 units sold in October in the price range between $187,564 – $224,000 with an average of 3.3 bedrooms and 1.7 bathrooms and average Square footage of 1,728SF.

The middle price range had the most activity. Homes up to $187,563 were on the market on average 30 days and sold an average of $148,755.

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
Sep 1, 2018 – Sep 30, 2018
Oct 1, 2018 – Oct 31, 2018
Month
September
October
Average Listing Price
$309,000
$276,356
Median Sales Price
Any
$151,128
Month supply of inventory
6
6.2
Market Time Detached
0 days
48 days
Market Time Attached
0 days
42 days
Inventory
1 properties
97 properties
Low price range
Any – Any
$67,000 – $109,064
Low price range market time
0 days
115 days
Low price range units sold
0
2
Low price range bedrooms
0
3.5
Low price range bathrooms
0
1.1
Low price range approx sqft
0 SF
1,523 SF
Mid price range
$1 – $-1
$109,065 – $187,563
Mid price range market time
0 days
30 days
Mid price range units sold
0
9
Mid price range bedrooms
0
2.6
Mid price range bathrooms
0
1.3
Mid price range approx sqft
0 SF
1,197 SF
High price range
Any – Any
$187,564 – $224,000
High price range market time
0 days
51 days
High price range units sold
0
3
High price range bedrooms
0
3.3
High price range bathrooms
0
1.7
High price range approxsqft
0 SF
1,728 SF