Is Lemont, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lemont has remained a Seller's Market.
Housing Prices in Lemont, IL
How much do homes in Lemont, IL cost?
Median Sold Price
$462,500
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lemont was $462,500 in March 2024, up 3.9% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $201.9K | $223K | +10.4% |
2 Bedrooms | $365K | $355K | -2.7% |
3 Bedrooms | $410K | $419K | +2.2% |
4 Bedrooms | $600.5K | $630K | +4.9% |
5+ Bedrooms | $621K | $746.7K | +20.2% |
Summary: Lemont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Cities
Darien | $340K | $386.5K | +13.7% |
Downers Grove Township | $404.8K | $420.8K | +4.0% |
Lemont | $445K | $462.5K | +3.9% |
Woodridge | $344.5K | $348K | +1.0% |
Lemont Township | $472.4K | $462.5K | -2.1% |
Housing Supply in Lemont, IL
How many homes are available in Lemont, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 83 | +27.7% |
Summary: The Lemont real estate market had 83 homes for sale in March 2024, a 27.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 21 | 29 | +38.1% |
4 Bedrooms | 23 | 31 | +34.8% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Lemont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 38.1%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 19 | +137.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Lemont in March 2024, up by 137.5% month-over-month. Of the 19 sold homes, 63% were sold under asking, 11% were sold at asking, and 26% were sold over asking.
Days on Market for Lemont, IL
How long does it take to sell a home in Lemont, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 31 Days | +4.7% |
Summary: Homes in Lemont had an average of 31 days on market in Mar 2024, up by 4.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Lemont; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.