Is Lindenhurst, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lindenhurst is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Lindenhurst, IL

How much do homes in Lindenhurst, IL cost?

Median Sold Price

$305,250

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$30,250(+11.0%)

Key Takeaway

Homes in Lindenhurst have sold for 11% more than they did a year ago.

Summary: The median home sold price in Lindenhurst was $305,250 in February 2024, up 11% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $191K$220K
+15.2%
3 $256.5K$295K
+15.0%
4 $345K$351K
+1.7%
5+ $426.5K$370K
-13.2%

Summary: Lindenhurst housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 13.2%.

Median Sold Price Compared To Nearby Cities

Lindenhurst
+11.0%
Lake Villa Township
+8.8%
Newport Township
-1.0%
Lake Villa
-4.1%

Housing Supply in Lindenhurst, IL

How many homes are available in Lindenhurst, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
26260.0%

Summary: The Lindenhurst real estate market had 26 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 66
0.0%
3 1514
-6.7%
4 44
0.0%
5+ 01
+100.0%

Summary: The Lindenhurst housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lindenhurst, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Lindenhurst in February 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.

Days on Market for Lindenhurst, IL

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

Average Sale Time

Feb 2023Feb 2024CHANGE
7 Days16 Days+123.3%

Summary: Homes in Lindenhurst had an average of 16 days on market in Feb 2024, up by 123.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 8 homes were sold in Lindenhurst; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

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