How is the current Real Estate Market in Algonquin, McHenry County, Illinois?
As of this morning, per MRED MLS, for the past 3 months:
We currently have 256 Single Family homes for sale in Algonquin that are active and available.
They have been on the market for an average of 244 days.
The average list price for a detached home for sale in Algonquin is $346,575. The available inventory of homes has decreased but market time has also increased.
Riverfront Park on Harrison Street by Port Edwards Restaurant the Fox River in Algonquin, IL
During the past 3 months, 29 Single Family homes have successfully sold and closed in Algonquin with the help of their Realtors. These homes took an average of 183 days on the market in Algonquin to SELL and Close.
The average list price of the SOLD Single Family homes in Algonquin was $243,614 and the average SOLD price was $231,955.
So, on the average Single Family homes in Algonquin have been getting an average of 95% of their list prices, with the help of their Realtors.
Algonquin Summerplace Waterfront Town homes have Boat Docks and Piers on the Fox River, Algonquin, IL
We currently have 113 Attached homes on the market in Algonquin that are active and available.
They have been on the market for an average of 222 days.
The average list price is $202,860.
The pool of available attached homes in Algonquin for sale has increased and market time has slightly increased.
During the past 3 months, 11 Attached homes in Algonquin have successfully closed with the help of their Realtors. They took an average of 150 days on the market to get SOLD. Market time for attached homes in Algonquin has increased.
The average list price of the SOLD Attached homes in Algonquin was $190,117 and the average SOLD price was $179,092. The average price for condos and townhomes in Algonquin has decreased but the positive side to that is that thee seecessfully sold townhomes and condos in Algonquin have sold in a shorter amount of days on the market.
So...Attached homes in Algonquin have been getting an average of 94% of their list prices, with the help of their Realtors.
Information deemed accurate and reliable but not guaranteed. Source MRED MLS.
We are still experiencing a Buyer's Market in Algonquin but the market statistics are improving!
There are fabulous buys on the market....now is a GREAT time to buy real estate in Algonquin, IL, especially for MOVE UP Buyers, Waterfront Buyers, Vacation and Second Home Buyers, Investors and First Time Buyers!
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