Is Lindenhurst, 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, Lindenhurst has remained a Seller's Market.
Housing Prices in Lindenhurst, IL
How much do homes in Lindenhurst, IL cost?
Median Sold Price
$318,250
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lindenhurst was $318,250 in May 2024, up 14.9% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $200K | $230K | +15.0% |
3 Bedrooms | $260K | $300K | +15.4% |
4 Bedrooms | $345K | $369K | +7.0% |
5+ Bedrooms | $353.5K | $397.7K | +12.5% |
Summary: Lindenhurst housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
Lindenhurst | $277K | $318.2K | +14.9% |
Lake Villa Township | $285K | $318.5K | +11.8% |
Newport Township | $338.8K | $377K | +11.3% |
Lake Villa | $325K | $325.5K | 0.2% |
Housing Supply in Lindenhurst, IL
How many homes are available in Lindenhurst, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 69 | +23.2% |
Summary: The Lindenhurst real estate market had 69 homes for sale in May 2024, a 23.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 21 | 28 | +33.3% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lindenhurst 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 increased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 21 | +133.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Lindenhurst in May 2024, up by 133.3% month-over-month. Of the 21 sold homes, 24% were sold under asking, 10% were sold at asking, and 67% were sold over asking.
Days on Market for Lindenhurst, IL
How long does it take to sell a home in Lindenhurst, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 14 Days | -32.9% |
Summary: Homes in Lindenhurst had an average of 14 days on market in May 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
18 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, 21 homes were sold in Lindenhurst; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.