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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lyons Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Lyons Township, IL

How much do homes in Lyons Township, IL cost?

Median Sold Price

$421,172

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$55,289(+15.1%)

Key Takeaway

Homes in Lyons Township have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in Lyons Township was $421,172 in November 2024, up 15.1% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $154.5K$138.5K
-10.4%
2 $236.5K$262.7K
+11.1%
3 $345K$399.1K
+15.7%
4 $597.6K$685K
+14.6%
5+ $820K$877.5K
+7.0%

Summary: Lyons Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Cities

Lyons Township
+15.1%
Indian Head Park
+7.6%

Housing Supply in Lyons Township, IL

How many homes are available in Lyons Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
336345+2.7%

Summary: The Lyons Township real estate market had 345 homes for sale in November 2024, a 2.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1214
+16.7%
2 7578
+4.0%
3 134141
+5.2%
4 6663
-4.5%
5+ 4949
0.0%

Summary: The Lyons Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8492+9.5%

Asking Price vs. Sold Price

46 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lyons Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 92 homes were sold or pending in Lyons Township in November 2024, up by 9.5% month-over-month. Of the 92 sold homes, 50% were sold under asking, 15% were sold at asking, and 35% were sold over asking.

Days on Market for Lyons Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days20 Days-17.7%

Summary: Homes in Lyons Township had an average of 20 days on market in Nov 2024, down by 17.7% compared to last year.

Breakdown of Home Sale Times

75 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 92 homes were sold in Lyons Township; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% 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 Lyons Township, IL

Nearby Markets to Lyons Township, IL

What housing markets are near Lyons Township, IL?