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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lexington Township is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Lexington Township has remained a Seller's Market.

Key Takeaway

Lexington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lexington Township, IL cost?

Median Sold Price

$141,250

$88/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

-$6,700(-4.5%)

Key Takeaway

Homes in Lexington Township have sold for 4.5% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $128.5K$110K
-14.4%
3 $149.9K$137.5K
-8.3%
4 $180.5K$207.5K
+15.0%
5+ $165K-
N/A

Median Sold Price Compared To Nearby Cities

Lexington
+3.5%
Lexington Township
-4.5%

How many homes are available in Lexington Township, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
74-42.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 21
-50.0%
3 43
-25.0%
4 10
-100.0%
5+ 00
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
41-75.0%

Asking Price vs. Sold Price

0 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 Lexington Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
8 Days1 Day-88.3%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lexington 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 Lexington Township, IL

Lexington Township, IL has 4 homes on the market. Between August 2022 and September 2022, Lexington Township, IL real estate market has seen decrease in the number of listings by 42.9%. In September 2022 median list price was $141,250 and the average listing age was 1 days. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went down by 14.4%, 3 bedrooms properties became 8.3% more cheaper, 4 bedrooms properties became 15% more expensive, 5 bedrooms properties became 0% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes became 50% less available, the quantity of 3 bedrooms homes went down by 25%, number of 4 bedrooms homes decreased by 100%, number of 5 bedrooms homes remained the same. In September 2022 more than 1 listings in Lexington Township, IL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 0 were sold below.

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