Lily Lake Real Estate Market Reaches Price Cuts Milestone

There were three homes sold in the Lily Lake market over the last 30 days, continuing a seven-week positive trend. During the same period, the total number of price reductions was seven, the most since July. During the same time frame, Elgin had the most price reductions of any other neighboring municipalities with 174. While price reduction numbers rose, sale prices climbed as well. This week's reported median sales price of $480,000 continued an eight-week upswing.

If you are curious about the top homes in Lily Lake, check out these gorgeous listings:

$1.2M   $595K   $589K  

Get started right now by checking out Lily Lake homes for sale or reviewing Lily Lake real estate trends.

Demographic facts for Lily Lake:

  • The average elevation in this area is 944 feet.
  • The area's median income per household is $87,599.
  • The student per counselor ratio in this area is 1,122:1. (513:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
john greene Realtor
3 reviews

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