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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lockport Township is a seller's market

Buyer's
Market

Difference Since December 2020

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

Key Takeaway

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

How much do homes in Lockport Township, IL cost?

Median Sold Price

$230,009

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$25,176(+12.3%)

Key Takeaway

Homes in Lockport Township have sold for 12.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $59.9K$128.5K
+114.5%
2 $189K$208.4K
+10.3%
3 $204.5K$235K
+14.9%
4 $253K$289.9K
+14.6%
5+ $280K$275K
-1.8%

Median Sold Price Compared To Nearby Cities

Joliet Township
+14.5%
Romeoville
+13.3%
Crest Hill
+12.6%
Lockport Township
+12.3%
Lockport
+11.3%

How many homes are available in Lockport Township, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
298268-10.1%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 22
0.0%
2 11199
-10.8%
3 134123
-8.2%
4 4438
-13.6%
5+ 76
-14.3%

Number of Homes Sold

Nov 2021Dec 2021%
8388+6.0%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Average Sale Time

Dec 2020Dec 2021%
30 Days24 Days-20.2%

Breakdown of Home Sale Times

68 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About Lockport Township, IL

Homes for sale in Lockport Township, IL have reached 268. The inventory of homes for sale in Lockport Township, IL between November 2021 and December 2021 decreased by 10.1%. While the average time on the market in December 2021 was 24 days, the median list price was $230,009. This housing market listing prices have changed between November 2021 and December 2021: prices of 1 bedroom properties increased by 114.5%, the cost of 2 bedrooms properties went up by 10.3%, prices of 3 bedrooms properties went up by 14.9%, 4 bedrooms properties prices increased by 14.6%, prices of 5 bedrooms properties decreased by 1.8%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes decreased by 10.8%, 3 bedrooms homes became 8.2% less available, number of 4 bedrooms homes decreased by 13.6%, 5 bedrooms homes became 14.3% less available. While more than 31 listings in Lockport Township, IL in December 2021 were sold above asking price, there were more than 24 listings sold at asking price, and more than 33 were sold below.

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