Paddock Lake, WI Real Estate

Paddock Lake Homes for Sale

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.

Real Estate
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.

Amenities
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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Market Conditions
Market Conditions for Paddock Lake - August 2020 | Shorewest Realtors®
August 2020

Market Conditions for Paddock Lake

Median Sale Price Graph

Median Sale Price

The median sale price for homes in August was $167,500. The median sales price for homes in August fell by ($66,500) compared to last month. This represents a 28.41% decrease from July. Compared to the same month last year, the median price of homes fell by ($18,500) representing a -9.94% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale rose by 2 in August to 13. This represents 18.18% increase from July when 11 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 August was 1 less than in July. This represents a 12.5% decrease in sales from July. Compared to the same month last year, the number of homes sold increased by 2, a 40% year-over-year increase.

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 August (23) decreased by 28 days compared to July. This represents a 54.9% decrease 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 increased by 13, a 130% 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 103.04% in August rose by 5.84% compared to July and increased 1.29% 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 August (10) rose by 3 compared to July, a 42.85% change. Compared to August 2019, the number of new listings decreased by 1, a -9.09% 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 August was $221,250. The median list price for homes in August rose by $61,250 compared to last month. This represents a 38.28% increase from July. Compared to the same month last year, the median list price of homes increased $21,350 representing a 10.68% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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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