Is Avon Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avon Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Avon Township has remained a Seller's Market.

Key Takeaway

Avon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$27,091(+12.0%)

Key Takeaway

Homes in Avon Township have sold for 12% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $109K$119.5K
+9.6%
2 $195K$224K
+14.9%
3 $228.3K$261K
+14.3%
4 $334K$370.5K
+10.9%
5+ $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
+14.5%
Hainesville
+12.5%
Avon Township
+12.0%
Round Lake Beach
+10.8%
Grayslake
+2.4%

Housing Supply in Avon Township, IL

How many homes are available in Avon Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
192178-7.3%

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

# BEDSApr 2024May 2024CHANGE
1 42
-50.0%
2 5855
-5.2%
3 8779
-9.2%
4 3432
-5.9%
5+ 910
+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 2024May 2024CHANGE
7167-5.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

45 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avon Township, you could pay more than the asking price. 67.2% of homes here sold above asking price last month.

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 2023May 2024CHANGE
11 Days11 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Avon Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Avon Township, IL

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