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 November 2021

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.

How much do homes in Avon Township, IL cost?

Median Sold Price

$220,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$15,000(+7.3%)

Key Takeaway

Homes in Avon Township have sold for 7.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $85.5K$106.2K
+24.3%
2 $163K$179.9K
+10.4%
3 $211.3K$224.9K
+6.5%
4 $299.9K$336K
+12.0%
5+ $300K$295K
-1.7%

Median Sold Price Compared To Nearby Cities

Round Lake Park
+29.6%
Grayslake
+8.5%
Avon Township
+7.3%
Round Lake Beach
+6.5%
Hainesville
+3.9%

How many homes are available in Avon Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
208200-3.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 24
+100.0%
2 5843
-25.9%
3 9792
-5.2%
4 4553
+17.8%
5+ 68
+33.3%

Number of Homes Sold

Oct 2022Nov 2022%
6263+1.6%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avon Township, you may be able to get a good deal. 38.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
20 Days19 Days-5.7%

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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.

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

About Avon Township, IL

Avon Township, IL has 200 homes on the market. The number of homes for sale in Avon Township, IL decreased by 3.8% between October 2022 and November 2022. While the average time on the market in November 2022 was 19 days, the median list price was $220,000. Real estate listing prices changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 24.3%, prices of 2 bedrooms properties increased by 10.4%, 3 bedrooms properties prices increased by 6.5%, prices of 4 bedrooms properties went up by 12%, prices of 5 bedrooms properties decreased by 1.7%. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 100%, 2 bedrooms homes inventory decreased by 25.9%, number of 3 bedrooms homes decreased by 5.2%, 4 bedrooms homes inventory increased by 17.8%, 5 bedrooms homes became 33.3% more available. Over 21 listings were sold over their listed price in November 2022 in Avon Township, IL. In the same period over 24 listings were sold below the listed price and 18 listings were sold for the listed price.

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