Is Lyons 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, Lyons Township has remained a Seller's Market.
Housing Prices in Lyons Township, IL
How much do homes in Lyons Township, IL cost?
Median Sold Price
$391,923
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lyons Township was $391,923 in May 2024, up 5.9% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $160K | +28.0% |
2 Bedrooms | $228K | $251K | +10.1% |
3 Bedrooms | $351.2K | $370.2K | +5.4% |
4 Bedrooms | $604.1K | $608K | +0.6% |
5+ Bedrooms | $820K | $815K | -0.6% |
Summary: Lyons Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
Indian Head Park | $320K | $370K | +15.6% |
Lyons Township | $370K | $391.9K | +5.9% |
Countryside | $355K | $345K | -2.8% |
Housing Supply in Lyons Township, IL
How many homes are available in Lyons Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
358 | 401 | +12.0% |
Summary: The Lyons Township real estate market had 401 homes for sale in May 2024, a 12.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 9 | 0.0% |
2 Bedrooms | 65 | 68 | +4.6% |
3 Bedrooms | 129 | 141 | +9.3% |
4 Bedrooms | 85 | 111 | +30.6% |
5+ Bedrooms | 70 | 72 | +2.9% |
Summary: The Lyons Township 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 4.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
103 | 115 | +11.7% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 115 homes were sold or pending in Lyons Township in May 2024, up by 11.7% month-over-month. Of the 115 sold homes, 36% were sold under asking, 12% were sold at asking, and 52% were sold over asking.
Days on Market for Lyons Township, IL
How long does it take to sell a home in Lyons Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 20 Days | -44.5% |
Summary: Homes in Lyons Township had an average of 20 days on market in May 2024, down by 44.5% compared to last year.
Breakdown of Home Sale Times
92 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 115 homes were sold in Lyons Township; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.