Is Lemont 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, Lemont Township has remained a Seller's Market.
Housing Prices in Lemont Township, IL
How much do homes in Lemont Township, IL cost?
Median Sold Price
$479,900
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lemont Township was $479,900 in April 2024, up 2.4% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $217K | $219K | +0.9% |
2 Bedrooms | $368K | $355K | -3.5% |
3 Bedrooms | $415K | $420K | +1.2% |
4 Bedrooms | $599.9K | $650K | +8.4% |
5+ Bedrooms | $631K | $750K | +18.9% |
Summary: Lemont Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
Lemont | $445K | $479.9K | +7.8% |
Downers Grove Township | $405K | $426.4K | +5.3% |
Lemont Township | $468.7K | $479.9K | +2.4% |
Woodridge | $344.5K | $349.8K | +1.5% |
Willow Springs | $357.5K | $353.7K | -1.1% |
Housing Supply in Lemont Township, IL
How many homes are available in Lemont Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
78 | 82 | +5.1% |
Summary: The Lemont Township real estate market had 82 homes for sale in April 2024, a 5.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 25 | 26 | +4.0% |
4 Bedrooms | 31 | 32 | +3.2% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Lemont Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 17 | -19.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Lemont Township in April 2024, down by 19.0% month-over-month. Of the 17 sold homes, 65% were sold under asking, 12% were sold at asking, and 24% were sold over asking.
Days on Market for Lemont Township, IL
How long does it take to sell a home in Lemont Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 22 Days | +60.5% |
Summary: Homes in Lemont Township had an average of 22 days on market in Apr 2024, up by 60.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Lemont Township; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.