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 7.44 months supply of inventory on the market in Island Lake on September 30, 2018.



Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Island Lake last month was 8 days.
It took on average 5 days to sell Island Lake Condo, Townhouse or a Duplex.
The number of home sales in Island Lake from August 1, 2018 through August 31, 2018 was 10 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 $77/Sq.Ft, which is 0% an increase from last month.



In Island Lake there were 7 units sold in August in the price range between $122,500 – $135,445 with an average of 2.6 bedrooms and 1.6 bathrooms and average Square footage of 1,152SF.

In Island Lake there were 1 units sold in August in the price range between $135,446 – $186,694 with an average of 2 bedrooms and 1 bathrooms and average Square footage of 1,198SF.

In Island Lake there were 2 units sold in August in the price range between $186,695 – $225,000 with an average of 3 bedrooms and 1.6 bathrooms and average Square footage of 1,636SF.

The low price range had the most activity. Homes up to $135,445 were on the market on average 5 days and sold an average of $128,700.

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
Jul 1, 2018 – Jul 31, 2018
Aug 1, 2018 – Aug 31, 2018
Month
July
August
Average Listing Price
$309,000
$238,585
Median Sales Price
Any
$148,390
Month supply of inventory
6
7.4
Market Time Detached
0 days
8 days
Market Time Attached
0 days
5 days
Inventory
1 properties
108 properties
Low price range
Any – Any
$122,500 – $135,445
Low price range market time
0 days
5 days
Low price range units sold
0
7
Low price range bedrooms
0
2.6
Low price range bathrooms
0
1.6
Low price range approx sqft
0 SF
1,152 SF
Mid price range
$1 – $-1
$135,446 – $186,694
Mid price range market time
0 days
8 days
Mid price range units sold
0
1
Mid price range bedrooms
0
2
Mid price range bathrooms
0
1
Mid price range approx sqft
0 SF
1,198 SF
High price range
Any – Any
$186,695 – $225,000
High price range market time
0 days
14 days
High price range units sold
0
2
High price range bedrooms
0
3
High price range bathrooms
0
1.6
High price range approxsqft
0 SF
1,636 SF