Island Lake Market Trends for February 2020

By
Real Estate Sales Representative with RE/MAX Suburban

Island Lake home sales for the month of February rose in volume by 20% when compared to last year, while the median sale price rose by 8.6% from $142,250 to $154,500. The number of Single Family homes sales rose by 50%, while the median sale price rose by 17.4% from $169,950 to $199,500. Condo/townhome sales decreased by 25%, while the median sale price rose by 8.2% from $140,500 to $152,000.

» View homes for sale in Island Lake   » View all recent sales in Island Lake

Median Sale Prices for Island Lake

165k
158k
180k
142k
185k
159k
180k
179k
210k
188k
188k
142k
180k
191k
154k
154k
11/18 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20

Number of Sales for Island Lake

11
7
4
10
19
9
21
15
14
14
18
18
11
4
9
12
11/18 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20

Real Estate Sales for February in Island Lake

  February Year to Date (Jan 1 - March 3)
  2019 2020 Change 2019 2020 Change
Homes Sold 10 12 +20% 15 23 +53.3%
(Single Family) 6 9 +50% 10 14 +40%
(Condos/Townhomes) 4 3 -25% 5 9 +80%
Median Sale Price $142,250 $154,500 +8.6% $142,500 $154,000 +8.1%
(Single Family) $169,950 $199,500 +17.4% $178,750 $195,750 +9.5%
(Condos/Townhomes) $140,500 $152,000 +8.2% $139,000 $134,000 -3.6%
Days on Market 13 36 +173.1% 13 17 +30.8%
(Single Family) 28 38 +38.2% 19 36 +86.8%
(Condos/Townhomes) 4 6 +71.4% 4 6 +50%

HomesByMarco sold over 300 homes last year

Thinking of selling your home in Island Lake? We are experts in the area. We'll sell your home quickly and for the highest price. Call Us Today!  888-32-MARCO

Do you have any questions about Island Lake?


Marco Amidei in an IL licensed real estate broker with RE/MAX Suburban. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than MRED Smart-Frame IDX Demo are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

© 2020 Midwest Real Estate Data LLC. All rights reserved.

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