Is Lynwood, 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, Lynwood has remained a Seller's Market.
Housing Prices in Lynwood, IL
How much do homes in Lynwood, IL cost?
Median Sold Price
$295,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lynwood was $295,000 in April 2024, up 12% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $162.5K | N/A |
2 Bedrooms | $95K | $110K | +15.8% |
3 Bedrooms | $234.9K | $240K | +2.2% |
4 Bedrooms | $442.8K | $407K | -8.1% |
5+ Bedrooms | $455.4K | $488.9K | +7.4% |
Summary: Lynwood 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 15.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
Glenwood | $176.5K | $200.5K | +13.6% |
Lynwood | $263.5K | $295K | +12.0% |
Bloom Township | $184.9K | $195.3K | +5.6% |
Housing Supply in Lynwood, IL
How many homes are available in Lynwood, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 40 | +5.3% |
Summary: The Lynwood real estate market had 40 homes for sale in April 2024, a 5.3% 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 | 1 | 0 | -100.0% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lynwood 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Lynwood in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Lynwood, IL
How long does it take to sell a home in Lynwood, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 52 Days | +55.5% |
Summary: Homes in Lynwood had an average of 52 days on market in Apr 2024, up by 55.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Lynwood; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.