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 August 2021

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.

How much do homes in Lyons Township, IL cost?

Median Sold Price

$368,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$17,808(+5.1%)

Key Takeaway

Homes in Lyons Township have sold for 5.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $121K$119K
-1.7%
2 $204.5K$231.7K
+13.3%
3 $315K$339K
+7.6%
4 $590K$590.6K
0.1%
5+ $749.3K$730K
-2.6%

Median Sold Price Compared To Nearby Cities

Countryside
+10.5%
Lyons Township
+5.1%
Indian Head Park
+2.9%

How many homes are available in Lyons Township, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
596615+3.2%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 1111
0.0%
2 10098
-2.0%
3 231240
+3.9%
4 144149
+3.5%
5+ 110117
+6.4%

Number of Homes Sold

Jul 2022Aug 2022%
131112-14.5%

Asking Price vs. Sold Price

54 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

39 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. 48.2% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
29 Days16 Days-42.4%

Breakdown of Home Sale Times

93 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

3 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.

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

About Lyons Township, IL

Homes for sale in Lyons Township, IL have reached 615. The inventory of homes for sale in Lyons Township, IL between July 2022 and August 2022 increased by 3.2%. In August 2022, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $368,000. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went down by 1.7%, 2 bedrooms properties became 13.3% more expensive, prices of 3 bedrooms properties went up by 7.6%, the cost of 4 bedrooms properties went up by 0.1%, prices of 5 bedrooms properties decreased by 2.6%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory decreased by 2%, 3 bedrooms homes became 3.9% more available, number of 4 bedrooms homes increased by 3.5%, number of 5 bedrooms homes increased by 6.4%. Lyons Township, IL housing market in August 2022 saw over 39 listings sold above listed price, more than 19 sold at listed price and over 54 sold below.

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