September 2013 New Lenox Real Estate Market Conditions

Let’s take a look at the New Lenox real estate market conditions during September 2013.

There were 201 New Lenox homes for sale in September, down 18% from September 2012, with 245 homes for sale! There were 40 homes closed in New Lenox during September 2013, up 11.1% with only 36 closings last September. Fewer homes for sale and more closings - still - which is a great sign for the New Lenox real estate market!

The average market time for New Lenox during September 2013 was 89 days compared to 148 days last year in September, which is 40.1% lower. The average list price in New Lenox during September 2013 was $319,830 which is 30.8% higher compared to last September’s average list price of $244,507. The average sales price during September 2013 was $231,478 up 3.4% compared to last year’s average sales price of $223,938. The percentage of original list price received increased by 4.2% from last September to this September - 90.1% of the original list price last year compared to 93.9% this year. Homes are selling in nearly half the time it took last year, the average list and sales price are BOTH up and sellers are receiving a greater percentage of their original list price. It’s safe to say the New Lenox real estate market is doing well!

The number of new listings during September 2013 was 2% lower than last year – 50 new listings this September and 51 new listings last September. The number of listings under contract increased 30.4% this September compared to last – 30 listings under contract this September compared to only 23 listings under contract last September! If you are thinking of selling in New Lenox, this might be the right time for you!