Is Lindenhurst, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lindenhurst is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Lindenhurst has remained a Seller's Market.

Key Takeaway

Lindenhurst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lindenhurst, IL

How much do homes in Lindenhurst, IL cost?

Median Sold Price

$318,250

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$41,250(+14.9%)

Key Takeaway

Homes in Lindenhurst have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in Lindenhurst was $318,250 in May 2024, up 14.9% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $200K$230K
+15.0%
3 $260K$300K
+15.4%
4 $345K$369K
+7.0%
5+ $353.5K$397.7K
+12.5%

Summary: Lindenhurst housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 12.5%.

Median Sold Price Compared To Nearby Cities

Lindenhurst
+14.9%
Lake Villa Township
+11.8%
Newport Township
+11.3%
Lake Villa
0.2%

Housing Supply in Lindenhurst, IL

How many homes are available in Lindenhurst, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5669+23.2%

Summary: The Lindenhurst real estate market had 69 homes for sale in May 2024, a 23.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1215
+25.0%
3 2128
+33.3%
4 1821
+16.7%
5+ 44
0.0%

Summary: The Lindenhurst housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
921+133.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lindenhurst, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Lindenhurst in May 2024, up by 133.3% month-over-month. Of the 21 sold homes, 24% were sold under asking, 10% were sold at asking, and 67% were sold over asking.

Days on Market for Lindenhurst, IL

How long does it take to sell a home in Lindenhurst, IL?

Average Sale Time

May 2023May 2024CHANGE
21 Days14 Days-32.9%

Summary: Homes in Lindenhurst had an average of 14 days on market in May 2024, down by 32.9% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lindenhurst are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 21 homes were sold in Lindenhurst; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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