Is Justice, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Justice was a Seller's Market.
Housing Prices in Justice, IL
How much do homes in Justice, IL cost?
Median Sold Price
$265,250
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Justice was $265,250 in March 2024, up 8.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $104K | $125K | +20.2% |
2 Bedrooms | $200K | $211.5K | +5.8% |
3 Bedrooms | $266K | $286K | +7.5% |
4 Bedrooms | $300K | $340K | +13.3% |
5+ Bedrooms | $382.5K | $455K | +19.0% |
Summary: Justice housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 19%.
Median Sold Price Compared To Nearby Cities
Hickory Hills | $273K | $306.5K | +12.3% |
Justice | $243.5K | $265.2K | +8.9% |
Bridgeview | $254.5K | $270K | +6.1% |
Lyons Township | $378.3K | $384.2K | +1.6% |
Housing Supply in Justice, IL
How many homes are available in Justice, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 29 | +52.6% |
Summary: The Justice real estate market had 29 homes for sale in March 2024, a 52.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Justice housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Justice in March 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Justice, IL
How long does it take to sell a home in Justice, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 17 Days | -55.7% |
Summary: Homes in Justice had an average of 17 days on market in Mar 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Justice; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.