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 266 Single Family homes for sale in Algonquin that are active and available.
They have been on the market for an average of 227 days.
The average list price is Algonquin is $360,645. The available inventory of homes has increased and market time has slightly increased.
There are 19 waterfront homes for sale including homes for sale on the Fox River in Algonquin IL. The average list price of the current waterfront homes in Algonquin IL on the market is $467,558.
Algonquin IL From The Fox River Looking North By Harrison Street No Wake Zone and Port Edwards in Algonquin, IL
During the past 3 months, 38 Single Family homes have successfully closed in Algonquin with the help of their Realtors. They took an average of 237 days on the market in Algonquin to SELL and Close.
The average list price of the SOLD Single Family homes in Algonquin was $240,512 and the average SOLD price was $229,132.
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 Townhomes Boat Docks on the Fox River, Algonquin, IL
We currently have 112 Attached homes on the market in Algonquin that are active and available.
They have been on the market for an average of 213 days.
The average list price is $200,271. The pool of available attached homes for sale such as townhomes, condos and duplexes, and market time has slightly increased in Algonquin.
During the past 3 months, 16 Attached homes in Algonquin have successfully closed with the help of their Realtors. They took an average of 145 days on the market to get SOLD. Market time for attached homes in Algonquin has decreased, which is great news for sellers.
The average list price of the SOLD Attached homes in Algonquin was $185,043 and the average SOLD price was $179,435.
So...Attached homes in Algonquin have been getting an average of 95% 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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