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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lynwood is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Lynwood was a Seller's Market.

Key Takeaway

Lynwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Lynwood, IL cost?

Median Sold Price

$264,900

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$47,900(+22.1%)

Key Takeaway

Homes in Lynwood have sold for 22.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $71.2K$103.5K
+45.3%
3 $201K$235K
+16.9%
4 $309K$366.7K
+18.7%
5+ $337.5K$435K
+28.9%

Median Sold Price Compared To Nearby Cities

Sauk Village
+49.0%
Lynwood
+22.1%
Glenwood
+14.3%
Bloom Township
+10.0%

How many homes are available in Lynwood, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
6057-5.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 42
-50.0%
3 3031
+3.3%
4 1716
-5.9%
5+ 98
-11.1%

Number of Homes Sold

Aug 2022Sep 2022%
157-53.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lynwood, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
17 Days27 Days+57.9%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lynwood 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 Lynwood, IL

Number of homes for sale in Lynwood, IL real estate market have reached 57. In September 2022 in Lynwood, IL there were 5% less homes for sale than in August 2022. In September 2022 median list price was $264,900 and the average listing age was 27 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 45.3%, 3 bedrooms properties prices increased by 16.9%, prices of 4 bedrooms properties went up by 18.7%, prices of 5 bedrooms properties went up by 28.9%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 50% less available, the quantity of 3 bedrooms homes went up by 3.3%, 4 bedrooms homes became 5.9% less available, number of 5 bedrooms homes decreased by 11.1%. Lynwood, IL housing market in September 2022 saw over 3 listings sold above listed price, more than 1 sold at listed price and over 3 sold below.

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