Is Avon Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avon Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Avon Township, IL

How much do homes in Avon Township, IL cost?

Median Sold Price

$260,125

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$27,400(+11.8%)

Key Takeaway

Homes in Avon Township have sold for 11.8% more than they did a year ago.

Summary: The median home sold price in Avon Township was $260,125 in September 2024, up 11.8% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $110.2K$121.5K
+10.2%
2 $199.5K$225K
+12.8%
3 $231.3K$270K
+16.7%
4 $349.2K$395.7K
+13.3%
5+ $285K$382.5K
+34.2%

Summary: Avon Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 34.2%.

Median Sold Price Compared To Nearby Cities

Round Lake Park
+21.6%
Round Lake Beach
+12.8%
Avon Township
+11.8%
Grayslake
+1.3%
Hainesville
-2.0%

Housing Supply in Avon Township, IL

How many homes are available in Avon Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
215219+1.9%

Summary: The Avon Township real estate market had 219 homes for sale in September 2024, a 1.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 7772
-6.5%
3 90107
+18.9%
4 4135
-14.6%
5+ 64
-33.3%

Summary: The Avon Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 18.9%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
7158-18.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avon Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 58 homes were sold or pending in Avon Township in September 2024, down by 18.3% month-over-month. Of the 58 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.

Days on Market for Avon Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
19 Days12 Days-35.4%

Summary: Homes in Avon Township had an average of 12 days on market in Sep 2024, down by 35.4% compared to last year.

Breakdown of Home Sale Times

54 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 58 homes were sold in Avon Township; 93% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 2% 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 13 Days Ago

Newest Listings in Avon Township, IL

Nearby Markets to Avon Township, IL

What housing markets are near Avon Township, IL?