Is Lockport Township, 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 Township has remained a Seller's Market.
Housing Prices in Lockport Township, IL
How much do homes in Lockport Township, IL cost?
Median Sold Price
$285,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lockport Township was $285,000 in March 2024, up 11.9% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132K | $168K | +27.3% |
2 Bedrooms | $239.5K | $265K | +10.6% |
3 Bedrooms | $259.3K | $290K | +11.8% |
4 Bedrooms | $332.9K | $380K | +14.1% |
5+ Bedrooms | $290K | $475K | +63.8% |
Summary: Lockport Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 63.8%.
Median Sold Price Compared To Nearby Cities
Joliet Township | $195K | $246.9K | +26.6% |
Crest Hill | $221K | $255K | +15.4% |
Lockport Township | $254.7K | $285K | +11.9% |
Romeoville | $256.4K | $275K | +7.2% |
Lockport | $284.4K | $303.5K | +6.7% |
Housing Supply in Lockport Township, IL
How many homes are available in Lockport Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
193 | 228 | +18.1% |
Summary: The Lockport Township real estate market had 228 homes for sale in March 2024, a 18.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 82 | 92 | +12.2% |
3 Bedrooms | 75 | 94 | +25.3% |
4 Bedrooms | 29 | 36 | +24.1% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lockport Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 25.3%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 57 | +18.8% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Lockport Township in March 2024, up by 18.8% month-over-month. Of the 56 sold homes, 46% were sold under asking, 16% were sold at asking, and 38% were sold over asking.
Days on Market for Lockport Township, IL
How long does it take to sell a home in Lockport Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 32 Days | +8.5% |
Summary: Homes in Lockport Township had an average of 32 days on market in Mar 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 57 homes were sold in Lockport Township; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.