Is Lyons, 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, Lyons has remained a Seller's Market.
Housing Prices in Lyons, IL
How much do homes in Lyons, IL cost?
Median Sold Price
$250,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lyons was $250,000 in May 2024, up 2.9% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.4K | $113K | +37.1% |
2 Bedrooms | $224K | $160K | -28.6% |
3 Bedrooms | $257K | $265K | +3.1% |
4 Bedrooms | $246K | $300K | +22.0% |
5+ Bedrooms | $287.5K | $360K | +25.2% |
Summary: Lyons housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.1%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 25.2%.
Median Sold Price Compared To Nearby Cities
Summit | $250K | $284.9K | +14.0% |
Riverside Township | $358K | $393K | +9.8% |
Lyons | $243K | $250K | +2.9% |
Riverside | $385K | $380K | -1.3% |
Housing Supply in Lyons, IL
How many homes are available in Lyons, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 30 | -3.2% |
Summary: The Lyons real estate market had 30 homes for sale in May 2024, a 3.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Lyons housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lyons in May 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Lyons, IL
How long does it take to sell a home in Lyons, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 9 Days | -79.4% |
Summary: Homes in Lyons had an average of 9 days on market in May 2024, down by 79.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Lyons; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.