Is Avon Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$245,208
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108K | $111.5K | +3.2% |
2 Bedrooms | $190K | $214K | +12.6% |
3 Bedrooms | $229.9K | $250.2K | +8.8% |
4 Bedrooms | $330K | $363K | +10.0% |
5+ Bedrooms | $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 | $240K | $267.9K | +11.6% |
Avon Township | $225K | $245.2K | +9.0% |
Round Lake Beach | $204.8K | $219K | +6.9% |
Grayslake | $280K | $297.7K | +6.3% |
Round Lake Park | $170K | $180K | +5.9% |
Housing Supply in Avon Township, IL
How many homes are available in Avon Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
109 | 137 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 37 | 45 | +21.6% |
3 Bedrooms | 41 | 60 | +46.3% |
4 Bedrooms | 23 | 22 | -4.3% |
5+ Bedrooms | 6 | 6 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
34 | 36 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
22 Days | 22 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
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.