Posts from February 19th, 2025

As we step into 2025, the real estate market in Mundelein, Illinois, has exhibited notable trends for single-family homes. Here's a snapshot of the key statistics for January 2025:

• Average Sale Price: Homes sold in January 2025 had an average price of $418,846, reflecting a 4.6% decrease compared to the same period last year. 

• Days on Market: Properties averaged 54 days on the market before selling, which is longer than the 32 days recorded in January 2024.

• Number of Sales: There were 13 single-family homes sold in January 2025, a decrease from the 17 homes sold in January 2024.

These figures indicate a market with cooling home prices and longer selling periods. The decrease in the number of homes sold s...

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