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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lockport is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Lockport, IL cost?

Median Sold Price

$275,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$19,258(+7.5%)

Key Takeaway

Homes in Lockport have sold for 7.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $119.9K-
N/A
2 $223.4K$238.2K
+6.6%
3 $250K$277.7K
+11.1%
4 $385K$410K
+6.5%
5+ $370K$397K
+7.3%

Median Sold Price Compared To Nearby Cities

Lemont Township
+9.2%
Lockport Township
+8.7%
Lockport
+7.5%
Homer Glen
+4.2%
Homer Township
+4.1%

How many homes are available in Lockport, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
10391-11.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 4338
-11.6%
3 2527
+8.0%
4 3123
-25.8%
5+ 43
-25.0%

Number of Homes Sold

Oct 2022Nov 2022%
3724-35.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lockport, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
26 Days13 Days-49.5%

Breakdown of Home Sale Times

21 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 Lockport 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 Lockport, IL

Homes for sale in Lockport, IL have reached 91. The number of listings in Lockport, IL decreased by 11.7% between October 2022 and November 2022. In November 2022 median list price was $275,000 and the average listing age was 13 days. This housing market listing prices have changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 6.6%, 3 bedrooms properties became 11.1% more expensive, 4 bedrooms properties prices increased by 6.5%, 5 bedrooms properties prices increased by 7.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes became 11.6% less available, volume of 3 bedrooms homes went up by 8%, the quantity of 4 bedrooms homes went down by 25.8%, number of 5 bedrooms homes decreased by 25%. In November 2022, from all listings sold in Lockport, IL there were more than 11 sold above asking price, over 10 sold below and more than 3 were sold right at the asked price.

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