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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Justice is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Justice, IL

How much do homes in Justice, IL cost?

Median Sold Price

$261,500

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$6,500(+2.5%)

Key Takeaway

Homes in Justice have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Justice was $261,500 in April 2024, up 2.5% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $104K$125K
+20.2%
2 $206K$194.9K
-5.4%
3 $274K$282.5K
+3.1%
4 $305K$395K
+29.5%
5+ $382.5K$455K
+19.0%

Summary: Justice housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 19%.

Median Sold Price Compared To Nearby Cities

Hickory Hills
+18.8%
Bridgeview
+6.3%
Lyons Township
+5.7%
Justice
+2.5%

Housing Supply in Justice, IL

How many homes are available in Justice, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2935+20.7%

Summary: The Justice real estate market had 35 homes for sale in April 2024, a 20.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 79
+28.6%
3 1517
+13.3%
4 67
+16.7%
5+ 12
+100.0%

Summary: The Justice housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
410+150.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Justice, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Justice in April 2024, up by 150.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Justice, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
18 Days13 Days-26.0%

Summary: Homes in Justice had an average of 13 days on market in Apr 2024, down by 26% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 10 homes were sold in Justice; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Justice, IL

Nearby Markets to Justice, IL

What housing markets are near Justice, IL?