How Much Are Waterfront Houses Selling For on the Chain O' Lakes, IL?
2021 Chain O' Lakes Waterfront Sales Compared to 2020
So 2021 was a huge year for real estate and waterfront homes on the Chain O' Lakes in northern Illinois were no exception. As an expert on the Chain O' Lakes I wanted to take a minute and compare 2021 waterfront sales to 2020 sales.
The median sales price jumped 14% from $311,500 in 2020 to $355,000 in 2021 while the average sales price jumped 20% from $360,645 to $435,696! Both median and average days on market were down significantly year over year as well. As of 12/20/21 there were 171 waterfront sales on the chain versus 188 in 2020.
There were a total of 4 sales north of $1,000,000 on the Chain O' Lakes in 2020 compared to 7 in 2021. $1,460,000 was the high 2020 sales compared with $2,200,000 in 2021.
No doubt low inventory coupled with strong demand were the driving forces in all of these stats.
2021 Waterfront Stats on the Chain O' Lakes in Northern Illinois
2020 Waterfront Stats on the Chain O' Lakes in Northern Illinois
2021 Notable Sales on the Chain O' Lakes
2923 Regner Rd Sold twice in 2021 and both sales represent the highest 2 sales on the Chain O Lakes in 2021. On April 8th it closed for $2,100,000 and on August 18th it sold again for $2,200,000. It is located on Pistakee Bay on an oversized lot. This property has 4 bedrooms, 4.1 bathrooms a 6 car garage and 3,667 above grade square feet. This property also features a finished walkout basement.
The third highest Chain O' Lakes sale 2021 was also on Pistakee Bay at 3320 Rocky Beach Rd. This property sold for $1,625,000 on September 1st 2021. This property featured 5 bedrooms, 5.2 bathrooms, 2 fireplaces and a 2 car garage. The total above grade square footage is 5,777 and there is 1,150 square feet of finished basement as well as 1,850 square feet of unfinished basement. The lot size is .9 acres.
Pistakee Bay notoriously commands the high sales prices on the Chain O' Lakes as it has above average size lots many of which are located above the flood plain. It is also located within McHenry County in the Johnsburg school district which is unique for the Chain O' Lakes.
The fourth highest sale was 3670 Grand Ridge Ct which closed on April 12th, 2021 for $1,400,000. This property is located on the west shoreline of Pistakee Bay.
The fifth highest sale of 2021 is 1136 Bowles Rd in Antioch sold for $1,114,000 on Lake Marie on February 26th 2021. Lake Marie is a popular lake with spectacular views.
42532 N Linden Ln Antioch tied for the sixth-highest sale in 2021. Located on Channel Lake it closed for $1,100,000. Channel Lake is the northernmost lake on the chain and is highly desirable with good water clarity and a sand bar where boaters anchor, swim and hang out.
38596 N Drexel Blvd in Antioch tied for sixth high sale also closing at $1,100,000. This property is located on the north side of Fox Lake offering south and southeast water views. Fox Lake is the chain's largest lake and offers spectacular views and there are some sections with less boat traffic than you will find on other lakes.
Attention Chain O' Lakes Sellers
If you are interested in selling your Chain O' Lakes property I will be happy to give you a free market analysis and will be sure to include all your upgrades, view and floor plan. I have been selling real estate for 13 years and offer negotiable rates. Andy Van Treeck (815) 900-5921 voice/text
Attention Chain O' Lakes Buyers
If you're interested in buying a Chain O' Lakes property I would be happy to show you around with absolutely no obligation. I know where to find the high and dry properties and often learn about properties before they hit the market. Reach out to me anytime for the inside edge. You may also check out our main Chain O' Lake Page for more info. Andy Van Treeck 815-790-3548