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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lexington Village is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Lexington Village, IL

How much do homes in Lexington Village, IL cost?

Median Sold Price

$265,900

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$32,400(+13.9%)

Key Takeaway

Homes in Lexington Village have sold for 13.9% more than they did a year ago.

Summary: The median home sold price in Lexington Village was $265,900 in March 2024, up 13.9% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $169.5K$196.4K
+15.9%
2 $221.7K$250K
+12.7%
3 $265K$524.9K
+98.1%
4 $591K$606.6K
+2.7%
5+ --
N/A

Summary: Lexington Village housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 98.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes did not change.

Housing Supply in Lexington Village, IL

How many homes are available in Lexington Village, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
46+50.0%

Summary: The Lexington Village real estate market had 6 homes for sale in March 2024, a 50.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 00
0.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Lexington Village 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Village, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lexington Village in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Lexington Village, IL

How long does it take to sell a home in Lexington Village, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
21 Days48 Days+131.0%

Summary: Homes in Lexington Village had an average of 48 days on market in Mar 2024, up by 131% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Lexington Village; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 28 Days Ago

Newest Listings in Lexington Village, IL

Nearby Markets to Lexington Village, IL