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 February 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

$245,208

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$20,208(+9.0%)

Key Takeaway

Homes in Avon Township have sold for 9% more than they did a year ago.

Summary: The median home sold price in Avon Township was $245,208 in February 2024, up 9% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $108K$111.5K
+3.2%
2 $190K$214K
+12.6%
3 $229.9K$250.2K
+8.8%
4 $330K$363K
+10.0%
5+ $292.5K$294K
0.5%

Summary: Avon Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 0.5%.

Median Sold Price Compared To Nearby Cities

Hainesville
+11.6%
Avon Township
+9.0%
Round Lake Beach
+6.9%
Grayslake
+6.3%
Round Lake Park
+5.9%

Housing Supply in Avon Township, IL

How many homes are available in Avon Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
109137+25.7%

Summary: The Avon Township real estate market had 137 homes for sale in February 2024, a 25.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 24
+100.0%
2 3745
+21.6%
3 4160
+46.3%
4 2322
-4.3%
5+ 66
0.0%

Summary: The Avon Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 46.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3436+5.9%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Avon Township in February 2024, up by 5.9% month-over-month. Of the 35 sold homes, 57% were sold under asking, 9% were sold at asking, and 34% 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

Feb 2023Feb 2024CHANGE
22 Days22 Days-0.0%

Summary: Homes in Avon Township had an average of 22 days on market in Feb 2024, down by 0% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 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 February 2024, 36 homes were sold in Avon Township; 78% of homes were sold within 30 days, 22% 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 27 Days Ago

Newest Listings in Avon Township, IL

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What housing markets are near Avon Township, IL?