Is Justice, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Justice is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Justice has remained a Seller's Market.

Key Takeaway

Justice is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Justice, IL cost?

Median Sold Price

$236,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$35,000(+17.4%)

Key Takeaway

Homes in Justice have sold for 17.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $75K-
N/A
2 $174K$191.5K
+10.1%
3 $235K$260K
+10.6%
4 $249K$355K
+42.6%
5+ $300K$395K
+31.7%

Median Sold Price Compared To Nearby Cities

Hickory Hills
+20.9%
Justice
+17.4%
Bridgeview
+11.3%
Lyons Township
+5.9%

How many homes are available in Justice, IL?

Number of Homes For Sale

Mar 2022Apr 2022%
3833-13.2%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 98
-11.1%
3 1816
-11.1%
4 96
-33.3%
5+ 23
+50.0%

Number of Homes Sold

Mar 2022Apr 2022%
158-46.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Justice, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
8 Days28 Days+246.2%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Justice 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 Justice, IL

There are 33 homes are for sale in Justice, IL real estate market. In April 2022 in Justice, IL there were 13.2% less homes for sale than in March 2022. The median list price of listings available in April 2022 was $236,000, while the average time on the real estate market was 28 days. Listing prices have changed in this real estate market between March 2022 and April 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 10.1%, 3 bedrooms properties prices increased by 10.6%, prices of 4 bedrooms properties increased by 42.6%, prices of 5 bedrooms properties went up by 31.7%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 11.1%, the quantity of 3 bedrooms homes went down by 11.1%, 4 bedrooms homes inventory decreased by 33.3%, 5 bedrooms homes became 50% more available. Over 1 listings were sold over their listed price in April 2022 in Justice, IL. In the same period over 6 listings were sold below the listed price and 1 listings were sold for the listed price.

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