Is Lemont Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lemont Township is a neutral's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

Lemont Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Lemont Township, IL cost?

Median Sold Price

$475,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$40,062(+9.2%)

Key Takeaway

Homes in Lemont Township have sold for 9.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $181.9K$194.5K
+6.9%
2 $258K$349.9K
+35.6%
3 $367K$415K
+13.1%
4 $557.5K$599.9K
+7.6%
5+ $567K$680K
+19.9%

Median Sold Price Compared To Nearby Cities

Willow Springs
+12.9%
Woodridge
+10.5%
Lemont Township
+9.2%
Lemont
+7.8%
Downers Grove Township
+3.4%

How many homes are available in Lemont Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
8575-11.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 32
-33.3%
2 1210
-16.7%
3 2015
-25.0%
4 3028
-6.7%
5+ 2020
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
2911-62.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lemont Township, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
36 Days16 Days-55.5%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lemont Township 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 Lemont Township, IL

Number of homes for sale in Lemont Township, IL real estate market have reached 75. In November 2022 in Lemont Township, IL there were 11.8% less homes for sale than in October 2022. While the average time on the market in November 2022 was 16 days, the median list price was $475,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 6.9%, 2 bedrooms properties prices increased by 35.6%, 3 bedrooms properties prices increased by 13.1%, 4 bedrooms properties became 7.6% more expensive, the cost of 5 bedrooms properties went up by 19.9%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went down by 33.3%, 2 bedrooms homes became 16.7% less available, volume of 3 bedrooms homes went down by 25%, the quantity of 4 bedrooms homes went down by 6.7%, volume of 5 bedrooms homes stayed the same. Lemont Township, IL housing market in November 2022 saw over 7 listings sold above listed price, more than 0 sold at listed price and over 4 sold below.

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