Is New Lenox, 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, New Lenox has remained a Seller's Market.
Housing Prices in New Lenox, IL
How much do homes in New Lenox, IL cost?
Median Sold Price
$396,258
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Lenox was $396,258 in April 2024, up 9.7% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $220K | $230K | +4.5% |
3 Bedrooms | $325K | $369.9K | +13.8% |
4 Bedrooms | $435K | $464.9K | +6.9% |
5+ Bedrooms | $445K | $555K | +24.7% |
Summary: New Lenox housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 24.7%.
Median Sold Price Compared To Nearby Cities
Manhattan Township | $318K | $365K | +14.8% |
New Lenox Township | $359.7K | $394.8K | +9.8% |
New Lenox | $361.1K | $396.2K | +9.7% |
Mokena | $352.3K | $384.2K | +9.1% |
Frankfort Township | $400.1K | $410.3K | +2.5% |
Housing Supply in New Lenox, IL
How many homes are available in New Lenox, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
94 | 122 | +29.8% |
Summary: The New Lenox real estate market had 122 homes for sale in April 2024, a 29.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 13 | +62.5% |
3 Bedrooms | 37 | 49 | +32.4% |
4 Bedrooms | 41 | 49 | +19.5% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The New Lenox 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 62.5%, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in New Lenox in April 2024, up by 13.0% month-over-month. Of the 26 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for New Lenox, IL
How long does it take to sell a home in New Lenox, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 21 Days | -40.9% |
Summary: Homes in New Lenox had an average of 21 days on market in Apr 2024, down by 40.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in New Lenox; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.