Is Justice, 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, Justice has remained a Seller's Market.
Housing Prices in Justice, IL
How much do homes in Justice, IL cost?
Median Sold Price
$270,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Justice was $270,000 in May 2024, up 10.2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $104K | $125K | +20.2% |
2 Bedrooms | $197K | $213K | +8.1% |
3 Bedrooms | $266K | $280K | +5.3% |
4 Bedrooms | $305K | $400K | +31.1% |
5+ Bedrooms | $327.5K | $455K | +38.9% |
Summary: Justice housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes increased by 38.9%.
Median Sold Price Compared To Nearby Cities
Hickory Hills | $265K | $316K | +19.2% |
Justice | $245K | $270K | +10.2% |
Bridgeview | $250K | $274K | +9.6% |
Lyons Township | $370K | $391.9K | +5.9% |
Housing Supply in Justice, IL
How many homes are available in Justice, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 34 | +13.3% |
Summary: The Justice real estate market had 34 homes for sale in May 2024, a 13.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 11 | +83.3% |
3 Bedrooms | 15 | 14 | -6.7% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Justice housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 83.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Justice in May 2024, up by 33.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Justice, IL
How long does it take to sell a home in Justice, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 36 Days | +87.4% |
Summary: Homes in Justice had an average of 36 days on market in May 2024, up by 87.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Justice; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.