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 March 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

$250,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$22,390(+9.8%)

Key Takeaway

Homes in Avon Township have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Avon Township was $250,000 in March 2024, up 9.8% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $108K$115K
+6.5%
2 $195K$215K
+10.3%
3 $231.1K$255K
+10.3%
4 $332K$360.1K
+8.5%
5+ $285K$312K
+9.5%

Summary: Avon Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 9.5%.

Median Sold Price Compared To Nearby Cities

Avon Township
+9.8%
Round Lake Park
+7.8%
Round Lake Beach
+6.8%
Hainesville
+6.7%
Grayslake
+5.7%

Housing Supply in Avon Township, IL

How many homes are available in Avon Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
137172+25.5%

Summary: The Avon Township real estate market had 172 homes for sale in March 2024, a 25.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 45
+25.0%
2 4452
+18.2%
3 6077
+28.3%
4 2333
+43.5%
5+ 65
-16.7%

Summary: The Avon Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 28.3%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3754+45.9%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

28 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. 51.9% of homes here sold above asking price last month.

Summary: A total of 54 homes were sold or pending in Avon Township in March 2024, up by 45.9% month-over-month. Of the 54 sold homes, 35% were sold under asking, 13% were sold at asking, and 52% 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

Mar 2023Mar 2024CHANGE
29 Days20 Days-31.1%

Summary: Homes in Avon Township had an average of 20 days on market in Mar 2024, down by 31.1% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 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.

Summary: During March 2024, 54 homes were sold in Avon Township; 87% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 7% 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 24 Days Ago

Newest Listings in Avon Township, IL

Nearby Markets to Avon Township, IL

What housing markets are near Avon Township, IL?