Is New Lenox 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, New Lenox Township has remained a Seller's Market.
Housing Prices in New Lenox Township, IL
How much do homes in New Lenox Township, IL cost?
Median Sold Price
$395,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New Lenox Township was $395,000 in March 2024, up 11.1% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $220K | $237K | +7.7% |
3 Bedrooms | $313.5K | $352.9K | +12.6% |
4 Bedrooms | $436.2K | $455.9K | +4.5% |
5+ Bedrooms | $565K | $568.5K | +0.6% |
Summary: New Lenox Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
Manhattan Township | $315K | $370.5K | +17.6% |
Mokena | $336K | $389K | +15.8% |
New Lenox Township | $355.5K | $395K | +11.1% |
New Lenox | $360K | $395K | +9.7% |
Frankfort Township | $399.7K | $410K | +2.6% |
Housing Supply in New Lenox Township, IL
How many homes are available in New Lenox Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
123 | 141 | +14.6% |
Summary: The New Lenox Township real estate market had 141 homes for sale in March 2024, a 14.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 40 | 54 | +35.0% |
4 Bedrooms | 54 | 53 | -1.9% |
5+ Bedrooms | 16 | 21 | +31.3% |
Summary: The New Lenox Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 35%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 31 | +3.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in New Lenox Township in March 2024, up by 3.3% month-over-month. Of the 31 sold homes, 35% were sold under asking, 26% were sold at asking, and 39% were sold over asking.
Days on Market for New Lenox Township, IL
How long does it take to sell a home in New Lenox Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 32 Days | -23.1% |
Summary: Homes in New Lenox Township had an average of 32 days on market in Mar 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in New Lenox Township; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.