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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lisle Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Lisle Township, IL

How much do homes in Lisle Township, IL cost?

Median Sold Price

$416,067

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$31,252(+8.1%)

Key Takeaway

Homes in Lisle Township have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Lisle Township was $416,067 in May 2024, up 8.1% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $142K$162.5K
+14.4%
2 $190K$220K
+15.8%
3 $371.7K$400K
+7.6%
4 $512K$593.7K
+15.9%
5+ $680K$690K
+1.5%

Summary: Lisle Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Cities

Naperville
+9.9%
Lisle Township
+8.1%
Downers Grove
+6.4%
Woodridge
+1.6%
Lisle
0.4%

Housing Supply in Lisle Township, IL

How many homes are available in Lisle Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
351397+13.1%

Summary: The Lisle Township real estate market had 397 homes for sale in May 2024, a 13.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2324
+4.3%
2 6976
+10.1%
3 106110
+3.8%
4 121153
+26.4%
5+ 3234
+6.3%

Summary: The Lisle Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
119141+18.5%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

91 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lisle Township, you could pay more than the asking price. 64.5% of homes here sold above asking price last month.

Summary: A total of 141 homes were sold or pending in Lisle Township in May 2024, up by 18.5% month-over-month. Of the 141 sold homes, 25% were sold under asking, 11% were sold at asking, and 65% were sold over asking.

Days on Market for Lisle Township, IL

How long does it take to sell a home in Lisle Township, IL?

Average Sale Time

May 2023May 2024CHANGE
19 Days14 Days-25.0%

Summary: Homes in Lisle Township had an average of 14 days on market in May 2024, down by 25% compared to last year.

Breakdown of Home Sale Times

132 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 141 homes were sold in Lisle Township; 94% of homes were sold within 30 days, 5% 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 Lisle Township, IL

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