Is Lockport, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lockport has remained a Seller's Market.
Housing Prices in Lockport, IL
How much do homes in Lockport, IL cost?
Median Sold Price
$303,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lockport was $303,500 in March 2024, up 6.7% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $138.2K | N/A |
2 Bedrooms | $252K | $275K | +9.1% |
3 Bedrooms | $277.7K | $296.5K | +6.8% |
4 Bedrooms | $389.5K | $465.1K | +19.4% |
5+ Bedrooms | $410K | $491K | +19.8% |
Summary: Lockport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Cities
Lockport Township | $254.7K | $285K | +11.9% |
Homer Glen | $428.6K | $478.2K | +11.6% |
Homer Township | $385K | $411K | +6.8% |
Lockport | $284.4K | $303.5K | +6.7% |
Lemont Township | $472.4K | $462.5K | -2.1% |
Housing Supply in Lockport, IL
How many homes are available in Lockport, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 110 | +3.8% |
Summary: The Lockport real estate market had 110 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 37 | 37 | 0.0% |
3 Bedrooms | 41 | 44 | +7.3% |
4 Bedrooms | 21 | 20 | -4.8% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Lockport 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 remained the same, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 24 | -25.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Lockport in March 2024, down by 25.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 4% were sold at asking, and 50% were sold over asking.
Days on Market for Lockport, IL
How long does it take to sell a home in Lockport, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 18 Days | -41.9% |
Summary: Homes in Lockport had an average of 18 days on market in Mar 2024, down by 41.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Lockport; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.