Is Lake Of The Woods a buyer's or seller's market right now?

Lake Of The Woods is currently a seller's market with 1.5 months of supply. Homes are selling at 94.4% of list price. The Ridley Sell Score for Lake Of The Woods is 52/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Lake Of The Woods?

The median home price in Lake Of The Woods is $218,750, up 28.7% year-over-year. The median price per square foot is $133. Homes sell in a median of 72 days with a sale-to-list ratio of 94.4%.

How much does it cost to sell a home in Lake Of The Woods, Illinois?

On a $218,750 home in Lake Of The Woods, a traditional listing agent charges around $6,563 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $17,500 or more. With Ridley Essentials ($999) you save $5,564, and with Ridley Pro ($3,499) you save $3,064 while getting full agent support.

How does Ridley's flat fee compare to a traditional Lake Of The Woods agent?

A traditional Lake Of The Woods listing agent typically charges 3% of the sale price — about $6,563 on a $218,750 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $5,564–$3,064 compared to a traditional agent.

How long does it take to sell a home in Lake Of The Woods?

The median home in Lake Of The Woods currently spends 72 days on the market before going under contract, up 27% from last year. At a 94.4% sale-to-list ratio, sellers are seeing some negotiation. Only 33.3% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Illinois?

No. Illinois does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $218,750 home, that could save you up to $3,064.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Illinois. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $6,563 commission.

National/Illinois

Lake Of The Woods, IL

Is Now a Good Time to Sell in Lake Of The Woods, Illinois?

The median home in Lake Of The Woods sells for $218,750 with prices up 28.7% year-over-year. The average seller pays $6,563 in commissions — Ridley’s flat fee saves you $3,064.

Lake Of The Woods Real Estate Market Conditions — April 2026

52out of 100

Ridley Sell Score

How it's scored →

Moderate

52/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Lake Of The Woods market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Focus on presentation and pricing strategy to stand out. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors sellers

1.5 months of supply — well below the 5-month balanced threshold — 35% below the Illinois average of 2.3.

Price MomentumFavors sellers

Prices up 28.7% year-over-year — vs. +11.7% statewide.

Seller LeverageFavors buyers

Homes selling at 94.4% of asking — buyers are negotiating 5.6% below list. Illinois average is 96.8%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the Illinois average of 22.8%.

Sale SpeedNeutral

72 median days on market — 3 days faster than the Illinois average.

Market UrgencyFavors buyers

0% of listings go pending within 2 weeks — vs. 25.8% statewide.

Price StabilityFavors buyers

33.3% of listings have dropped their price — accurate initial pricing is critical. Illinois average is 13.6%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$218,750

+28.7%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

+27%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$133

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

94.4%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

1.5

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Not Very Competitive

Price Drops

Percentage of active listings that had a price reduction.

33.3%

Pricing matters

12-Month Price Trend

$200,750 → $218,750

▲9.0%

$215K$210K$205K

MayJulSepNovJanMarApr

Data updated April 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Lake Of The Woods — delivered monthly.

Your savings

How much can you save selling your home in Lake Of The Woods?

The average Lake Of The Woods homeowner saves $3,064 by selling with Ridley instead of paying the traditional 3% listing commission on a $218,750 home.

$0Estimated savings

That could furnish your new living room — save 1.4% of your home value

Your Lake Of The Woods home value

$218,750

$50,000$10M

Traditional Agent (3%)

$6,563

Ridley Pro (flat fee)

$3,499

Ready to sell in Lake Of The Woods?

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Cost comparison

How much does it cost to sell a house in Lake Of The Woods?

The total cost to sell a house in Lake Of The Woods in 2026 ranges from $999 with Ridley Essentials to approximately $6,563 with a traditional 3% commission on a $218,750 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$6,563	$3,499	$999	$0
Buyer agent	$6,1252.8% avg	$4,375~2% avg	$4,375~2% avg	$6,1252.8% avg
Closing costs (~1.5%)	$3,281	$3,281	$3,281	$3,281
Total cost	$15,969	$11,155	$8,655	$9,406
Net proceeds	$202,781	$207,595	$210,095	$209,344
You save	—	$4,814	$7,314	$6,563No support