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 October 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

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,722(+9.1%)

Key Takeaway

Homes in Avon Township have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Avon Township was $260,000 in October 2024, up 9.1% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $108K$121.5K
+12.5%
2 $198.7K$225K
+13.2%
3 $240.3K$270K
+12.3%
4 $357.4K$389K
+8.8%
5+ $277.5K$420K
+51.4%

Summary: Avon Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 51.4%.

Median Sold Price Compared To Nearby Cities

Round Lake Park
+22.9%
Round Lake Beach
+10.5%
Avon Township
+9.1%
Grayslake
+2.1%
Hainesville
-3.4%

Housing Supply in Avon Township, IL

How many homes are available in Avon Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
208212+1.9%

Summary: The Avon Township real estate market had 212 homes for sale in October 2024, a 1.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 6869
+1.5%
3 103105
+1.9%
4 3234
+6.3%
5+ 44
0.0%

Summary: The Avon Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6571+9.2%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avon Township, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in Avon Township in October 2024, up by 9.2% month-over-month. Of the 71 sold homes, 46% were sold under asking, 14% were sold at asking, and 39% 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

Oct 2023Oct 2024CHANGE
21 Days22 Days+1.6%

Summary: Homes in Avon Township had an average of 22 days on market in Oct 2024, up by 1.6% compared to last year.

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

12 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 October 2024, 71 homes were sold in Avon Township; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% 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 16 Days Ago

Newest Listings in Avon Township, IL

Nearby Markets to Avon Township, IL

What housing markets are near Avon Township, IL?