Is Lockport Township, 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, Lockport Township has remained a Seller's Market.
Housing Prices in Lockport Township, IL
How much do homes in Lockport Township, IL cost?
Median Sold Price
$291,678
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lockport Township was $291,678 in May 2024, up 12.2% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132K | $168K | +27.3% |
2 Bedrooms | $240K | $269.6K | +12.3% |
3 Bedrooms | $262.5K | $295.3K | +12.5% |
4 Bedrooms | $340K | $385K | +13.2% |
5+ Bedrooms | $290K | $475K | +63.8% |
Summary: Lockport Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 63.8%.
Median Sold Price Compared To Nearby Cities
Joliet Township | $205K | $247.7K | +20.8% |
Lockport Township | $260K | $291.6K | +12.2% |
Crest Hill | $226.4K | $253.5K | +12.0% |
Lockport | $285K | $310K | +8.8% |
Romeoville | $260K | $280K | +7.7% |
Housing Supply in Lockport Township, IL
How many homes are available in Lockport Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
246 | 282 | +14.6% |
Summary: The Lockport Township real estate market had 282 homes for sale in May 2024, a 14.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 95 | 108 | +13.7% |
3 Bedrooms | 95 | 107 | +12.6% |
4 Bedrooms | 48 | 58 | +20.8% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lockport Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
80 | 84 | +5.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in Lockport Township in May 2024, up by 5.0% month-over-month. Of the 84 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.
Days on Market for Lockport Township, IL
How long does it take to sell a home in Lockport Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 14 Days | -25.4% |
Summary: Homes in Lockport Township had an average of 14 days on market in May 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 84 homes were sold in Lockport Township; 86% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.