If you’re considering buying or selling a home in McHenry, IL, understanding the current market dynamics can help you make informed decisions. Here’s a breakdown of the latest data and what it means for you. Stellar Results Realty and our team of experienced agents are here to support you in navigating this fast-paced market. Months Supply of Inventory: 1.82 Months The Months Supply of Inventory in McHenry is just 1.82, indicating a limited number of homes for sale relative to demand. This low supply creates a competitive environment for buyers, often leading to strong selling prices. How This Impacts You: Sellers: The low inventory means your property will stand out to motivated buyers. Stellar Results Realty will help you capitalize on this demand and showcase your home effectively to attract multiple offers. Buyers: With limited inventory, it’s essential to act quickly when you find a home you like. Our agents will help you stay prepared and develop a strategy to secure the right property in this competitive market. 12-Month Change in Inventory: +18.95% Over the past year, inventory in McHenry has increased by 18.95%, meaning more homes have come onto the market. This could indicate a slight shift toward a more balanced market, where buyers have more options than before. How This Impacts You: Sellers: Although inventory has increased, demand remains strong. Stellar Results Realty can help you position your property effectively to stand out among the growing number of listings. Buyers: The increase in inventory may provide a few more choices, giving you more opportunities to find the right home. Our agents will help you explore these options to find the perfect fit for your needs. Median Days on Market: 13 Days Homes in McHenry are selling in a median of 13 days, reflecting high demand and competitive pricing. How This Impacts You: Sellers: With homes selling quickly, it’s crucial to be prepared when listing. Our team at Stellar Results Realty will guide you through the preparation process to maximize buyer interest and secure a swift sale. Buyers: Be ready to move fast when you find a home you like. Working with Stellar Results Realty ensures you’ll have the support to make prompt, informed offers and succeed in this fast-paced market. List to Sold Price Percentage: 100.4% The List to Sold Price Percentage in McHenry is 100.4%, meaning that homes are often selling above the asking price. This can be a result of multiple offers or strategic pricing by sellers. How This Impacts You: Sellers: Proper pricing is crucial. Stellar Results Realty will help you set a competitive price to attract offers and potentially secure bids above the list price. Buyers: Be prepared to offer close to or above the listing price, especially in cases where homes are priced competitively. Our agents can help you craft a strong offer to stand out. Median Sold Price: $302,500 With a Median Sold Price of $302,500, McHenry’s real estate market shows its stability and demand. This price point offers both buyers and sellers a helpful benchmark. How This Impacts You: Sellers: Knowing the median price can guide your expectations. Stellar Results Realty will work with you to develop a pricing strategy that aligns with current market trends and highlights your home’s unique value. Buyers: This median price helps you assess your budget. Our agents will help you find homes that fit your financial needs and preferences, guiding you through the negotiation process. In Summary McHenry’s market remains dynamic, with low inventory, quick sales, and homes selling slightly above listing prices. Sellers can expect competitive offers, while buyers need to be ready to act fast and submit strong offers. Stellar Results Realty is here to help you make the most of McHenry’s real estate market. Whether you’re buying or selling, our team brings the expertise, strategy, and personal touch needed to achieve your goals. Reach out to us today to start your journey with stellar results!

Antioch, IL, is experiencing a strong seller’s market, with several indicators showing high demand and limited inventory. Here’s what the latest data means for you, whether you're looking to buy or sell. Stellar Results Realty and our knowledgeable agents are here to guide you through these dynamic market conditions, ensuring you make the best possible decisions. Months Supply of Inventory: 2.32 Months The Months Supply of Inventory in Antioch is just 2.32 months. This low figure signals a seller's market, where there are limited homes available, creating a competitive landscape for buyers and leading to stronger selling prices. How This Impacts You: Sellers: The low inventory gives your property a prime position in the market, as buyers have fewer options. With Stellar Results Realty, we’ll help you maximize this demand and market your home effectively for top dollar. Buyers: Be prepared to act quickly when you find a home that fits your needs. Our agents at Stellar Results Realty are here to support you in navigating this fast-paced market and securing the right property. 12-Month Change in Inventory: -7.2% Antioch has seen a 7.2% decrease in inventory over the past year, meaning there are even fewer homes available than last year. This ongoing reduction contributes to the strong seller’s market, as the demand for homes continues to outpace supply. How This Impacts You: Sellers: With inventory continuing to decline, your home will have a better chance of standing out. Our team will guide you in positioning your property to attract serious buyers in this tight market. Buyers: The low and decreasing inventory means you’ll need to stay proactive. Our agents can help you navigate the limited options and make timely decisions to get the best possible home for your needs. Median Days on Market: 16 Days Homes in Antioch are selling within an average of 16 days, reflecting high demand and buyer eagerness in this competitive market. How This Impacts You: Sellers: Quick sales mean you can expect a fast turnaround when listing your home. With Stellar Results Realty, we’ll work with you to prepare, price, and present your home effectively to attract offers promptly. Buyers: Expect homes to move fast. Our agents will ensure you’re ready to make swift, informed offers to secure the right property before it’s gone. List to Sold Price Percentage: 100.9% The List to Sold Price Percentage is at 100.9%, indicating that homes are often selling for above the listing price. This suggests that sellers are seeing strong returns and that buyers are willing to pay premiums for desirable properties. How This Impacts You: Sellers: Pricing your home competitively will attract serious buyers, and you may even see offers above asking. Stellar Results Realty can help you set an effective price and handle the competitive offers to maximize your home’s sale price. Buyers: In this market, be prepared to pay above the asking price, especially for well-maintained and desirable homes. Our agents can help you structure strong offers to stand out in competitive situations. Median Sold Price: $380,000 The Median Sold Price in Antioch is $380,000, underscoring the area’s desirability and strong market conditions. This price point reflects a healthy and competitive market. How This Impacts You: Sellers: The high median sold price helps you maximize your returns. Our team at Stellar Results Realty will work with you to showcase your home’s value and attract offers that meet or exceed market standards. Buyers: The median price offers a helpful benchmark. We’ll help you find homes within your budget, guiding you through the negotiation process to secure a property in this robust market. In Summary Antioch’s real estate market is thriving, with low inventory, high demand, quick sales, and above-listing-price transactions. Sellers can expect strong returns and quick sales, while buyers need to act fast and prepare for competitive offers. Stellar Results Realty and our dedicated agents are here to make your real estate journey successful in Antioch. Whether you’re selling and want to capitalize on this seller’s market or buying and need expert guidance, we’re ready to achieve stellar results together. Connect with us today!

Are you considering buying or selling a home in Wauconda, IL? The current market conditions are highly dynamic, with factors that impact both buyers and sellers in different ways. Here’s a look at the latest stats and what they mean for you, with the support of Stellar Results Realty and our experienced agents to guide you every step of the way. Months Supply of Inventory: 2.5 Months The Months Supply of Inventory in Wauconda is currently at 2.5 months, indicating a seller's market. This low supply reflects high demand relative to the available homes, creating a competitive environment for buyers and giving sellers a favorable position. How This Impacts You: Sellers: The low inventory means your home has a strong chance of attracting competitive offers quickly. Stellar Results Realty will work with you to market your property effectively and make it stand out to serious buyers. Buyers: With limited homes available, you’ll need to act quickly when you find a property that fits your needs. Our agents can help you prepare and strategize to stay ahead in this competitive landscape. 12-Month Change in Inventory: +77.3% Despite the current low inventory, the 12-Month Change in Inventory shows a 77.3% increase from last year, indicating more homes have come onto the market recently. This could signal a gradual shift towards a balanced market, where supply and demand are more evenly matched. How This Impacts You: Sellers: As inventory increases, buyers may have more options, which can influence how fast your home sells. Stellar Results Realty can help you position your home attractively to stay competitive. Buyers: The increase in inventory means more choices may be available, which could give you some flexibility. Our agents will work closely with you to identify the best options in this expanding market. Median Days on Market: 7 Days Homes in Wauconda are selling quickly, with a median of just 7 days on the market. This short time frame suggests that demand is strong, and homes priced right are moving fast. How This Impacts You: Sellers: With homes selling within a week, it’s essential to be ready when listing. Our team at Stellar Results Realty can assist you in preparing your home to capture buyer interest immediately. Buyers: Be prepared to make timely decisions. Working with an agent at Stellar Results Realty ensures you’ll have expert guidance to move quickly and confidently when the right home comes along. List to Sold Price Percentage: 99.7% The List to Sold Price Percentage is an impressive 99.7%, indicating that homes are selling very close to their asking prices. Sellers are pricing accurately, and buyers are willing to meet those prices. How This Impacts You: Sellers: Pricing your home competitively is key. Our agents at Stellar Results Realty can help you set an attractive price from the start, ensuring your property draws strong offers quickly. Buyers: Expect to pay close to the listed price, especially for well-maintained and desirable homes. We’ll help you craft competitive offers so you can secure your ideal home without unnecessary back-and-forth. Median Sold Price: $378,500 With a Median Sold Price of $378,500, Wauconda’s market shows its appeal and strength. This higher price point reflects the area’s desirability and the premium buyers are willing to pay. How This Impacts You: Sellers: Knowing the median price helps set expectations. Stellar Results Realty will work with you to develop a pricing strategy that reflects both the market’s value and your home’s unique features. Buyers: The median price provides a benchmark, helping you assess how Wauconda fits with your budget and goals. Our agents will guide you in finding homes that match your financial plans and preferences. In Summary Wauconda’s real estate market is competitive, with low inventory, quick sales, and high list-to-sold price percentages. Sellers have a strong position, while buyers face a fast-moving market that requires strategic planning. Whether you’re buying or selling, Stellar Results Realty and our dedicated agents are here to make the process smooth and successful. We’re ready to help you navigate the Wauconda market and achieve your real estate goals. Connect with us today and let’s work together to get you stellar results!

If you’re considering buying or selling a home in Fox Lake, IL, understanding the current market trends can make a big difference in your decision-making. Here’s what’s happening in the market—and how Stellar Results Realty and our expert agents are ready to guide you every step of the way. Months Supply of Inventory: 2.55 Months The Months Supply of Inventory tells us how long it would take to sell all current homes if no new properties were listed. With only 2.55 months of inventory, Fox Lake is in a seller’s market, where demand outpaces supply. This typically means more competition among buyers and can be a favorable time to list a home. How This Impacts You: Sellers: Limited inventory gives your home a great chance to stand out. Our team at Stellar Results Realty will ensure your property gets the attention it deserves, positioning it to attract competitive offers quickly. Buyers: The low inventory means fewer choices, so when you find the right home, it’s essential to act fast. Our agents are here to help you stay ahead of the competition and secure your ideal property in this fast-moving market. 12-Month Change in Inventory: +71.14% Over the past year, inventory in Fox Lake has increased by 71.14%, meaning more homes are available now than the previous year. This change could be due to new listings, increased construction, or shifting demand. How This Impacts You: Sellers: With more properties on the market, it’s essential to stand out. Our agents know how to make your home shine through strategic marketing and effective pricing, helping you attract the right buyers. Buyers: The increase in available homes may provide more choices, easing the competition a bit. Stellar Results Realty can help you explore the best options that meet your needs in this expanded market. Median Days on Market: 20 Days Homes in Fox Lake are selling within an average of 20 days. This quick turnaround means that well-presented homes with competitive pricing are moving fast. How This Impacts You: Sellers: A short market time works to your advantage, allowing you to secure a sale swiftly. Our experienced agents will work with you to prepare, price, and present your home to attract interested buyers quickly. Buyers: With homes selling fast, it’s essential to be ready to make a decision when you find the right fit. Our team will help you stay prepared to act confidently in this brisk market. List to Sold Price Percentage: 98.5% The List to Sold Price Percentage is 98.5%, showing that homes are typically selling close to their asking prices. This reflects a balanced market where sellers are pricing homes realistically, and buyers are willing to pay near the listing price. How This Impacts You: Sellers: Setting the right price from the start is key. At Stellar Results Realty, we’ll help you determine a competitive and strategic price that aligns with market trends, ensuring your home captures buyers’ interest. Buyers: Be prepared to make an offer close to the asking price. Our agents will guide you through crafting strong offers that position you competitively for the home you want. Median Sold Price: $225,000 The Median Sold Price in Fox Lake is $225,000, giving both buyers and sellers a benchmark for planning their budgets and pricing expectations. How This Impacts You: Sellers: Knowing the median price helps set realistic expectations. We’ll work with you to create a pricing strategy that reflects your home’s unique qualities while staying attractive in the current market. Buyers: This figure gives a sense of the area’s affordability. Our agents are ready to help you find homes that align with your budget and lifestyle, ensuring you find a great fit within your range. In Summary The Fox Lake market shows steady demand, quick sales, and close-to-listing price offers, making it an advantageous market for sellers, while the rising inventory provides buyers with a bit more choice. At Stellar Results Realty, our dedicated team is ready to guide you through each step, whether you’re looking to sell and take advantage of the high demand or buy and explore the expanded inventory. Connect with our agents today, and let’s achieve stellar results together!

Planning To Sell Your House in 2025? Start Prepping Now If your goal is to sell your house in 2025, now’s the time to start prepping. Even though it might seem like there’s plenty of time between now and the new year, you should get a head start on any updates or repairs you want to make now. As Danielle Hale, Chief Economist at Realtor.com, says: “ . . . now is the time to start thinking about what you need for your next home and then taking those steps to prepare to list . . . We have survey data that says 47 percent of sellers are taking longer than a month to get their home ready to sell, so getting them to start that process early can mean more flexibility.” By starting your prep work early, you’ll give yourself plenty of time to get your house market-ready by the end of the year. But be sure to partner with a great agent before you get started, so you have expert insight into what repairs are worth it based on your local market. Why Starting Early Is Key To get the best price and sell quickly, it’s important that your home looks its best. And that means it’s up to you to make the necessary repairs, declutter, and even consider updates that could add value as part of getting your house ready to list. By starting now, you can tackle things one task at a time. Whether it’s fixing that leaky faucet, refreshing your landscaping, or painting a room, getting an early start gives you the flexibility to do the job right and with as little stress as possible. Because, if you wait to knock items off your list later on, they could quickly stack up and get overwhelming. As Realtor.com explains: “There are some important repairs to make before selling a house, so don’t be in too much of a hurry to get your home listed … if you move too fast, buyers see right through the fact that you skipped important home renovations. And this . . . might end up costing you time and money.” What Should You Focus On? Feeling motivated to start chipping away at that to-do list, but not sure where to start? Here’s a look at the most common improvements other sellers are making today (see graph below): The Importance of Working with a Local Agent And while that data gives you a starting point, it shouldn’t be seen as a comprehensive list. What buyers want in your area may be different, and only a local agent will have this in-depth understanding. For example, if homes in your area are selling quickly with updated kitchens, your agent might suggest focusing on minor kitchen improvements rather than spending money on other areas that won’t offer as much return. They’ll also help you figure out if tackling larger projects, such as replacing your roof or upgrading your HVAC system, is worth it based on other recently sold homes. As Point says: “Not all renovations are created equal, and focusing on upgrades that offer the highest potential for increasing your home's value is key.” And remember, it’s not just big-ticket items that can have an impact. Your agent will also speak to some of the smaller details – like cleaning up your yard, adding fresh mulch, or painting your front door – to make a real difference in how buyers feel about your home. This type of expert eye is crucial to help your house sell fast and for top dollar. Bottom Line Thinking of selling your house next year? Don’t wait until the last minute to get it ready. By getting a head start now, you can ensure everything is in place by the time the new year rolls around. Need advice on what to tackle first? Let’s connect. 

Welcome to the Stellar Results Realty September 2024 market update! Here, we’ll take a look at the latest real estate trends and insights in McHenry, Illinois. Whether you’re considering buying or selling, understanding these key metrics will help you make informed decisions. Let’s dive in! Inventory Overview: Months Supply of Inventory Currently, McHenry has a 1.88 Months Supply of Inventory. This figure represents the time it would take to sell all available homes on the market at the current sales pace. Over the past year, we’ve seen a 55.37% increase in inventory, giving buyers more options to choose from and indicating a slight shift toward a more balanced market. Keeping an eye on inventory trends can be helpful for both buyers and sellers. Strong Market for Sellers: List to Sold Price Percentage The List to Sold Price percentage is holding steady at 99.3%, which means that homes are selling close to their listing prices. Sellers in McHenry continue to receive excellent value for their homes, reflecting strong demand and effective pricing strategies. For buyers, this metric emphasizes the importance of making competitive offers. Market Speed: Median Days on Market In McHenry, the Median Days on Market is currently 27 days. This relatively short time frame indicates that homes are selling quickly, highlighting high buyer interest and demand. For sellers, this is promising news, as properties are moving from listing to sale efficiently. Home Values: Median Sold Price The Median Sold Price in McHenry sits at $306,500. This price point offers a snapshot of current property values, providing buyers and sellers with a helpful benchmark. A steady or gradually increasing median price often reflects a resilient market, making it a good time for both buying and selling. The Bottom Line Overall, McHenry’s real estate market remains dynamic, with a balance of opportunities for both buyers and sellers. Increased inventory, strong sale prices, and relatively quick sales illustrate a market with ongoing demand and a potential shift toward equilibrium. Staying informed on these trends is essential for making confident real estate decisions. If you have any questions or are considering buying or selling in McHenry, our team at Stellar Results Realty is here to help. With expert guidance and up-to-date information, we’re ready to support you in navigating the McHenry real estate market. Thank you for visiting Stellar Results Realty’s market update, and here’s to successful buying or selling in McHenry!

Welcome to the Stellar Results Realty September 2024 Market Update for Antioch, Illinois! This overview dives into the latest market data to keep both buyers and sellers informed on trends that may impact their real estate decisions. Let’s take a closer look at the numbers and what they mean for you. Inventory Overview: Months Supply of Inventory Currently, the Months Supply of Inventory in Antioch stands at 2.24 months. Over the past 12 months, this inventory has decreased by 17.95%, indicating a tightening market with fewer available properties. Lower inventory levels can lead to increased competition among buyers, often making this a favorable time for sellers. Seller Performance: List to Sold Price Percentage The List to Sold Price percentage is 97.8% this month, highlighting a strong market for sellers, who are receiving close to their asking prices. This figure reflects a balanced approach to pricing and high buyer demand, ensuring that properties listed at competitive prices are selling successfully. Market Speed: Median Days on Market Properties in Antioch are moving quickly, with a Median Days on Market of 33 days. This relatively short time on the market indicates strong buyer interest and efficient sales processes. Sellers can feel confident that, with the right pricing strategy, their property won’t stay on the market for long. Property Values: Median Sold Price The Median Sold Price in Antioch for September 2024 is $345,750. This benchmark helps both buyers and sellers set realistic expectations. A stable or gradually rising median price is often a positive indicator of a resilient market, making it a good time for both buying and selling. Conclusion The Antioch market shows robust signs of strength and stability, with competitive pricing, quick sales, and solid property values. Whether you’re a buyer or a seller, understanding these trends is essential for making informed real estate decisions. Stay connected with Stellar Results Realty for the latest insights and expert guidance on navigating the real estate market in Antioch. Contact Stellar Results Realty For any questions or if you're interested in buying or selling in Antioch, the team at Stellar Results Realty is here to help. Knowledge is power in the world of real estate, and we’re dedicated to empowering you with the latest information and personalized service.

Welcome to Stellar Results Realty's monthly market update for Wauconda, Illinois. Staying informed about the latest real estate trends is essential whether you’re buying or selling. Here’s a look at the data driving the market this September. Key Market Insights Months Supply of Inventory Currently, Wauconda has a 2.89-month supply of homes. This means that, at the current rate, it would take just under three months to sell all available homes on the market. Over the last year, the Months Supply of Inventory has increased by 62.36%, suggesting that more options may become available for buyers. List to Sold Price Percentage The List to Sold Price Percentage is strong at 99.3%, showing that homes in Wauconda are selling close to their listing price. This is positive news for sellers, who are seeing returns near their asking prices. Median Days on Market With a median of just 6 days on the market, homes in Wauconda are selling quickly. This fast turnover indicates high demand and a competitive environment for well-priced homes. Median Sold Price The median sold price in Wauconda stands at $320,000, giving buyers and sellers a helpful reference point for the average pricing in the area. Market Summary In summary, the Wauconda real estate market continues to show high demand, with properties selling quickly and close to asking prices. The notable increase in inventory, however, could indicate a future shift toward a more balanced market, creating benefits for both buyers and sellers. Need Expert Guidance? Stellar Results Realty is here to help you navigate these trends and make the best decisions for your real estate goals. Whether you're buying or selling, our team is ready to provide insights and support. Reach out to us today for more information on making your next move in the Wauconda market.

Are you looking to buy or sell a home in Fox Lake, Illinois? Here’s an overview of the latest real estate trends that are shaping the market as of September 2024. Increased Inventory: What It Means for Buyers and Sellers Fox Lake currently has a 2.48-month supply of inventory—a significant increase of 121.43% from the previous year. This boost in inventory provides buyers with more choices and could add a bit of balance to the market. For sellers, more inventory means they may encounter a bit more competition, making accurate pricing and presentation essential. Homes Are Selling Close to Listing Price Fox Lake’s list-to-sold price percentage is at 98.6%, meaning homes are generally selling very close to their listed prices. This is an encouraging sign for sellers, as it shows the market’s strength and suggests that pricing in Fox Lake aligns well with what buyers are willing to pay. Market Moving Quickly: Median Days on Market With a median of 27 days on the market, homes in Fox Lake are selling relatively fast. If you’re a seller, this is a great indicator that well-presented and accurately priced homes are finding buyers quickly. For buyers, this means that the market is competitive—so having a clear plan and acting promptly when you find the right home is key. Median Sold Price: $204,000 The median sold price in Fox Lake is $204,000, giving you a snapshot of the general price range within the area. This figure means that half of the homes sold for less than $204,000 and half sold for more, offering a balanced view of the market for both budget-conscious and higher-end buyers. Key Takeaways Overall, the real estate market in Fox Lake shows a mix of opportunity and stability for both buyers and sellers. With an increased inventory, competitive pricing, and homes moving off the market relatively quickly, it’s a dynamic time to get involved. If you're considering buying or selling in Fox Lake, staying informed is essential. Working with a professional REALTOR®, like myself at Stellar Results Realty, can make all the difference in navigating these market conditions. Reach out with any questions or to discuss how to make the most of these trends in your own buying or selling journey. Stay informed, make confident decisions, and thank you for following along with this September 2024 market update for Fox Lake!