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 April 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
$394,895
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Lenox Township was $394,895 in April 2024, up 9.8% 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 | - | - | N/A |
2 Bedrooms | $220K | $241K | +9.5% |
3 Bedrooms | $315K | $355K | +12.7% |
4 Bedrooms | $435.9K | $460K | +5.5% |
5+ Bedrooms | $565K | $563.5K | -0.3% |
Summary: New Lenox Township 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 9.5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 0.3%.
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 Township, IL
How many homes are available in New Lenox Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
127 | 169 | +33.1% |
Summary: The New Lenox Township real estate market had 169 homes for sale in April 2024, a 33.1% 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 | 10 | 18 | +80.0% |
3 Bedrooms | 50 | 65 | +30.0% |
4 Bedrooms | 53 | 65 | +22.6% |
5+ Bedrooms | 14 | 21 | +50.0% |
Summary: The New Lenox 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 80%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 34 | +9.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in New Lenox Township in April 2024, up by 9.7% month-over-month. Of the 34 sold homes, 38% were sold under asking, 26% were sold at asking, and 35% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 19 Days | -33.5% |
Summary: Homes in New Lenox Township had an average of 19 days on market in Apr 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
29 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, 34 homes were sold in New Lenox Township; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.