Is Lockport Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lockport Township has remained a Seller's Market.
Housing Prices in Lockport Township, IL
How much do homes in Lockport Township, IL cost?
Median Sold Price
$290,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lockport Township was $290,000 in April 2024, up 13% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132K | $168K | +27.3% |
2 Bedrooms | $240K | $265.9K | +10.8% |
3 Bedrooms | $260K | $295.2K | +13.6% |
4 Bedrooms | $337.2K | $385K | +14.2% |
5+ Bedrooms | $285K | $475K | +66.7% |
Summary: Lockport Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 66.7%.
Median Sold Price Compared To Nearby Cities
Joliet Township | $199.9K | $247.6K | +23.8% |
Crest Hill | $224K | $255K | +13.8% |
Lockport Township | $256.5K | $290K | +13.0% |
Romeoville | $256.6K | $280K | +9.1% |
Lockport | $285K | $310K | +8.8% |
Housing Supply in Lockport Township, IL
How many homes are available in Lockport Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
219 | 254 | +16.0% |
Summary: The Lockport Township real estate market had 254 homes for sale in April 2024, a 16.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 86 | 95 | +10.5% |
3 Bedrooms | 90 | 102 | +13.3% |
4 Bedrooms | 35 | 49 | +40.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lockport Township 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 10.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 77 | +24.2% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in Lockport Township in April 2024, up by 24.2% month-over-month. Of the 77 sold homes, 31% were sold under asking, 18% were sold at asking, and 51% were sold over asking.
Days on Market for Lockport Township, IL
How long does it take to sell a home in Lockport Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 15 Days | -39.3% |
Summary: Homes in Lockport Township had an average of 15 days on market in Apr 2024, down by 39.3% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 77 homes were sold in Lockport Township; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.