Is Lyons, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lyons is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Lyons, IL

How much do homes in Lyons, IL cost?

Median Sold Price

$279,900

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$39,900(+16.6%)

Key Takeaway

Homes in Lyons have sold for 16.6% more than they did a year ago.

Summary: The median home sold price in Lyons was $279,900 in November 2024, up 16.6% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $105K$118.5K
+12.9%
2 $163.2K$223.9K
+37.2%
3 $253.5K$284.9K
+12.4%
4 $295K$309.5K
+4.9%
5+ $330K$395K
+19.7%

Summary: Lyons housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 37.2%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 19.7%.

Median Sold Price Compared To Nearby Cities

Lyons
+16.6%
Summit
+9.1%
Riverside Township
+8.0%
Riverside
+7.4%

Housing Supply in Lyons, IL

How many homes are available in Lyons, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
30300.0%

Summary: The Lyons real estate market had 30 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 42
-50.0%
2 45
+25.0%
3 1517
+13.3%
4 33
0.0%
5+ 43
-25.0%

Summary: The Lyons housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lyons, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Lyons in November 2024, down by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.

Days on Market for Lyons, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days35 Days+113.6%

Summary: Homes in Lyons had an average of 35 days on market in Nov 2024, up by 113.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Lyons; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 2 Days Ago

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