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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Justice is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Justice was a Seller's Market.

Key Takeaway

Justice is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$21,750(+8.9%)

Key Takeaway

Homes in Justice have sold for 8.9% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $104K$125K
+20.2%
2 $200K$211.5K
+5.8%
3 $266K$286K
+7.5%
4 $300K$340K
+13.3%
5+ $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
+12.3%
Justice
+8.9%
Bridgeview
+6.1%
Lyons Township
+1.6%

Housing Supply in Justice, IL

How many homes are available in Justice, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1929+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 48
+100.0%
3 1115
+36.4%
4 35
+66.7%
5+ 11
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 2024Mar 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were 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.

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 2023Mar 2024CHANGE
38 Days17 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Justice are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Justice, IL

Nearby Markets to Justice, IL

What housing markets are near Justice, IL?