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 254 Single Family homes for sale in Algonquin that are active and available.
They have been on the market for an average of 241 days.
The average list price is Algonquin is $326,621. The available inventory of homes has decreased slightly and market time has slightly decreased.
This is better news for sellers of detached homes in Algonquin than for buyers!
Algonquin Waterfront Homes For Sale Update:
There are 21 detached 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 $509,290.
There are 9 attached waterfront homes for sale in Algonquin IL including homes for sale on the Fox River. The average list price of the current attached waterfront and riverfront homes for sale in Algonquin IL on the market is $227,833.
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, 60 Single Family homes have successfully closed in Algonquin with the help of their Realtors. They took an average of 215 days on the market in Algonquin to SELL and Close.
The average last list price of the SOLD Single Family homes in Algonquin was
|$260,535 (Original list price was $294,620)|
and the average SOLD price was $247,577.
So, on the average Single Family homes in Algonquin have been getting an average of 84% of their *original* list prices (Sellers are getting 95% of their *current list prices*!), with the help of their Realtors.
Algonquin Summerplace Waterfront Townhomes Boat Docks on the Fox River in Algonquin, IL
We currently have 123 Attached homes on the market in Algonquin that are active and available.
They have been on the market for an average of 220 days.
The average list price is $189,400., which has gone down since spring market. The pool of available attached homes for sale such as townhomes, condos and duplexes, and market time has slightly decreased in Algonquin.
During the past 3 months, 22 Attached homes in Algonquin have successfully closed with the help of their Realtors. They took an average of 188 days on the market to get SOLD.
Market time for attached homes in Algonquin has increased, which is not great news for sellers.
The average list price of the SOLD Attached homes in Algonquin was $173,925 (the original average list price of the sold homes was $192,215, which shows that homes that are priced right are selling!) and the average SOLD price was $169,513.
So...Attached homes in Algonquin have been getting an average of 97% of their last asking price (or only 88% of the *original* list price) of their last 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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