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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lyons Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Lyons Township, IL

How much do homes in Lyons Township, IL cost?

Median Sold Price

$384,266

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,950(+1.6%)

Key Takeaway

Homes in Lyons Township have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Lyons Township was $384,266 in March 2024, up 1.6% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $127.5K$137K
+7.5%
2 $228.8K$249K
+8.8%
3 $359.8K$355.3K
-1.2%
4 $625.3K$597.2K
-4.5%
5+ $795K$820K
+3.1%

Summary: Lyons Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Cities

Indian Head Park
+9.5%
Lyons Township
+1.6%
Countryside
-11.3%

Housing Supply in Lyons Township, IL

How many homes are available in Lyons Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
270329+21.9%

Summary: The Lyons Township real estate market had 329 homes for sale in March 2024, a 21.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 58
+60.0%
2 5361
+15.1%
3 84113
+34.5%
4 7481
+9.5%
5+ 5466
+22.2%

Summary: The Lyons Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 34.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6183+36.1%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lyons Township, you may be able to get a good deal. 43.4% of homes here sold below asking price last month.

Summary: A total of 83 homes were sold or pending in Lyons Township in March 2024, up by 36.1% month-over-month. Of the 83 sold homes, 43% were sold under asking, 14% were sold at asking, and 42% were sold over asking.

Days on Market for Lyons Township, IL

How long does it take to sell a home in Lyons Township, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
44 Days18 Days-57.5%

Summary: Homes in Lyons Township had an average of 18 days on market in Mar 2024, down by 57.5% compared to last year.

Breakdown of Home Sale Times

69 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 83 homes were sold in Lyons Township; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Lyons Township, IL

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