Is Lynwood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Lynwood was a Seller's Market.
Housing Prices in Lynwood, IL
How much do homes in Lynwood, IL cost?
Median Sold Price
$292,500
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lynwood was $292,500 in June 2024, up 9.8% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | - | N/A |
2 Bedrooms | $95.5K | $110K | +15.2% |
3 Bedrooms | $215K | $245K | +14.0% |
4 Bedrooms | $447.4K | $411.9K | -7.9% |
5+ Bedrooms | $462.3K | $488.9K | +5.7% |
Summary: Lynwood housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 14%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Glenwood | $183K | $201.7K | +10.2% |
Lynwood | $266.5K | $292.5K | +9.8% |
Bloom Township | $187.6K | $197.9K | +5.5% |
Housing Supply in Lynwood, IL
How many homes are available in Lynwood, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
36 | 36 | 0.0% |
Summary: The Lynwood real estate market had 36 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 18 | 14 | -22.2% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lynwood housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
12 | 3 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lynwood in June 2024, down by 75.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Lynwood, IL
How long does it take to sell a home in Lynwood, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 34 Days | +91.8% |
Summary: Homes in Lynwood had an average of 34 days on market in Jun 2024, up by 91.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 3 homes were sold in Lynwood; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.