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 November 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

$260,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+6.1%)

Key Takeaway

Homes in Avon Township have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Avon Township was $260,000 in November 2024, up 6.1% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $110.2K$121.5K
+10.2%
2 $208K$226K
+8.7%
3 $245.2K$269K
+9.7%
4 $360K$393.2K
+9.2%
5+ $289.5K$420K
+45.1%

Summary: Avon Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 45.1%.

Median Sold Price Compared To Nearby Cities

Round Lake Park
+22.4%
Round Lake Beach
+9.2%
Avon Township
+6.1%
Grayslake
-1.4%
Hainesville
-9.1%

Housing Supply in Avon Township, IL

How many homes are available in Avon Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
208194-6.7%

Summary: The Avon Township real estate market had 194 homes for sale in November 2024, a 6.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 6864
-5.9%
3 10594
-10.5%
4 3131
0.0%
5+ 44
0.0%

Summary: The Avon Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7648-36.8%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

21 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. 43.8% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in Avon Township in November 2024, down by 36.8% month-over-month. Of the 48 sold homes, 40% were sold under asking, 17% were sold at asking, and 44% 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

Nov 2023Nov 2024CHANGE
16 Days24 Days+51.6%

Summary: Homes in Avon Township had an average of 24 days on market in Nov 2024, up by 51.6% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were 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 November 2024, 48 homes were sold in Avon Township; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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 17 Days Ago

Newest Listings in Avon Township, IL

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What housing markets are near Avon Township, IL?