Paddock Lake, WI Real Estate

Paddock Lake, Wisconsin is a rural and quaint village located just over 30 minutes west of the city of Kenosha. This developing community offers recreational opportunities at Paddock and Hooker Lakes. Serviced by Highway 50, Paddock Lake gives residents easy access to the cities of Milwaukee and Chicago, Illinois. Populated by 3,135 people, the village is a small community that offers a safe environment for any type of life style.

The housing market in Paddock Lake offers an array of styles of single-family homes. The market features private Cottages, brick Ranches, open-concept Contemporary and gorgeous Lakefront homes with excellent amenities. The average cost of home in Paddock Lake is $158,940 with the cost of living 9.51 percent lower than the U.S. average.

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Paddock Lake and Hooker Lake offer great recreational opportunities including boating, swimming, hiking and fishing. There’s an abundance of fresh water fish in the lakes.

Richard Bong State Recreation Area is nearby and provides 217 camp sites, trails and a 200-foot beach. There are 41.1 miles of trails for hiking, snowshoeing and horseback riding. The landscape also allows for extreme sports such as dirt bike and ATV riding. The beach area is equipped with horseshoe pits, play equipment and volleyball nets. Picnic areas and shelters are also accessible by its visitors. The recreation area is open year round.

The village maintains eight parks that offer a variety of equipment and landscapes. Erickson Park has the basic swings and slides, but also incorporates skateboard ramps for local action sports enthusiasts. Hoag Park provides a beach area along with playground equipment. Senior Citizen Park is positioned by the lake area and has play structures with picnic tables.

Community events and programs are organized for residents to participate in. “Bingo Night” is a popular event that is offered to kids and adults in the village. Residents have started “Second Wave,” which is a free recycling program that focuses on a greener tomorrow. The Sharing Center is a non-profit organization that offers assistance to people in need in Western Kenosha County.

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Paddock Lake properties for sale

Market Conditions
Market Conditions for Paddock Lake - September 2019 | Shorewest Realtors®
September 2019

Market Conditions for Paddock Lake

Median Sale Price Graph

Median Sale Price

The median sale price for homes in September was $204,000. The median sales price for homes in September rose by $18,000 compared to last month. This represents a 9.67% increase from August. Compared to the same month last year, the median price of homes rose by $41,050 representing a 25.19% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 5 in September to 13. This represents 27.77% decrease from August when 18 homes were on the market. Compared to the same month last year when there were 18 homes for sale, the inventory of homes for sale has fallen by 5 representing a -27.77% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 7 homes sold in September was 2 more than in August. This represents a 40% increase in sales from August. Compared to the same month last year, the number of homes sold decreased by 1, a -12.5% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in September (27) increased by 17 days compared to August. This represents a 170% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 31, a -53.44% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 98.21% in September fell by 3.46% compared to August and increased 4.45% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in September (2) fell by 9 compared to August, a 81.81% change. Compared to September 2018, the number of new listings decreased by 4, a -66.66% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in September was $194,900. The median list price for homes in September fell by ($5,000) compared to last month. This represents a 2.5% decrease from August. Compared to the same month last year, the median list price of homes increased $10,000 representing a 5.4% year-over-year increase.

Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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