Is Lemont, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lemont has remained a Seller's Market.
Housing Prices in Lemont, IL
How much do homes in Lemont, IL cost?
Median Sold Price
$496,486
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lemont was $496,486 in May 2024, up 10.5% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $217K | $224.5K | +3.5% |
2 Bedrooms | $360K | $355K | -1.4% |
3 Bedrooms | $395K | $433.7K | +9.8% |
4 Bedrooms | $600.4K | $650K | +8.3% |
5+ Bedrooms | $631K | $758.2K | +20.2% |
Summary: Lemont housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Cities
Darien | $340K | $397.3K | +16.9% |
Lemont | $449.5K | $496.4K | +10.5% |
Downers Grove Township | $400.9K | $430.4K | +7.4% |
Lemont Township | $475K | $497.5K | +4.7% |
Woodridge | $344.6K | $350K | +1.6% |
Housing Supply in Lemont, IL
How many homes are available in Lemont, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 99 | +20.7% |
Summary: The Lemont real estate market had 99 homes for sale in May 2024, a 20.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 24 | 34 | +41.7% |
4 Bedrooms | 32 | 39 | +21.9% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Lemont housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Lemont in May 2024, the same as the previous month. Of the 20 sold homes, 45% were sold under asking, 35% were sold at asking, and 20% were sold over asking.
Days on Market for Lemont, IL
How long does it take to sell a home in Lemont, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 13 Days | -42.6% |
Summary: Homes in Lemont had an average of 13 days on market in May 2024, down by 42.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Lemont; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.