Is Avon Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Avon Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108K | $115K | +6.5% |
2 Bedrooms | $195K | $215K | +10.3% |
3 Bedrooms | $231.1K | $255K | +10.3% |
4 Bedrooms | $332K | $360.1K | +8.5% |
5+ Bedrooms | $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 | $227.6K | $250K | +9.8% |
Round Lake Park | $167.9K | $181K | +7.8% |
Round Lake Beach | $205K | $219K | +6.8% |
Hainesville | $252.9K | $270K | +6.7% |
Grayslake | $281.5K | $297.4K | +5.7% |
Housing Supply in Avon Township, IL
How many homes are available in Avon Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
137 | 172 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 44 | 52 | +18.2% |
3 Bedrooms | 60 | 77 | +28.3% |
4 Bedrooms | 23 | 33 | +43.5% |
5+ Bedrooms | 6 | 5 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 54 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 20 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
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.