Is Avon 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, Avon Township has remained a Seller's Market.
Housing Prices in Avon Township, IL
How much do homes in Avon Township, IL cost?
Median Sold Price
$253,250
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Avon Township was $253,250 in May 2024, up 12% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $109K | $119.5K | +9.6% |
2 Bedrooms | $195K | $224K | +14.9% |
3 Bedrooms | $228.3K | $261K | +14.3% |
4 Bedrooms | $334K | $370.5K | +10.9% |
5+ Bedrooms | $279.5K | $321K | +14.8% |
Summary: Avon Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
Round Lake Park | $165.5K | $189.5K | +14.5% |
Hainesville | $240K | $270K | +12.5% |
Avon Township | $226.1K | $253.2K | +12.0% |
Round Lake Beach | $204.5K | $226.6K | +10.8% |
Grayslake | $288.6K | $295.4K | +2.4% |
Housing Supply in Avon Township, IL
How many homes are available in Avon Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
192 | 178 | -7.3% |
Summary: The Avon Township real estate market had 178 homes for sale in May 2024, a 7.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 58 | 55 | -5.2% |
3 Bedrooms | 87 | 79 | -9.2% |
4 Bedrooms | 34 | 32 | -5.9% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Avon Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 67 | -5.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Avon Township in May 2024, down by 5.6% month-over-month. Of the 67 sold homes, 19% were sold under asking, 13% were sold at asking, and 67% were sold over asking.
Days on Market for Avon Township, IL
How long does it take to sell a home in Avon Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 11 Days | +8.7% |
Summary: Homes in Avon Township had an average of 11 days on market in May 2024, up by 8.7% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 67 homes were sold in Avon Township; 90% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.