Is Lemont Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Lemont Township has remained a Seller's Market.
Housing Prices in Lemont Township, IL
How much do homes in Lemont Township, IL cost?
Median Sold Price
$496,285
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lemont Township was $496,285 in June 2024, up 3.4% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $219.2K | $224.5K | +2.4% |
2 Bedrooms | $369K | $362.5K | -1.8% |
3 Bedrooms | $410K | $435K | +6.1% |
4 Bedrooms | $607.5K | $638.9K | +5.2% |
5+ Bedrooms | $667.5K | $758.2K | +13.6% |
Summary: Lemont Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
Downers Grove Township | $396.7K | $440.6K | +11.1% |
Lemont | $460K | $496.2K | +7.9% |
Lemont Township | $479.9K | $496.2K | +3.4% |
Willow Springs | $347.5K | $355.2K | +2.2% |
Woodridge | $346K | $350K | +1.2% |
Housing Supply in Lemont Township, IL
How many homes are available in Lemont Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
97 | 106 | +9.3% |
Summary: The Lemont Township real estate market had 106 homes for sale in June 2024, a 9.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 32 | 35 | +9.4% |
4 Bedrooms | 38 | 43 | +13.2% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Lemont Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
24 | 32 | +33.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Lemont Township in June 2024, up by 33.3% month-over-month. Of the 32 sold homes, 38% were sold under asking, 16% were sold at asking, and 47% were sold over asking.
Days on Market for Lemont Township, IL
How long does it take to sell a home in Lemont Township, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
48 Days | 18 Days | -62.1% |
Summary: Homes in Lemont Township had an average of 18 days on market in Jun 2024, down by 62.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 32 homes were sold in Lemont Township; 75% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.