December 2013 New Lenox Real Estate Market Conditions

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

There were 164 New Lenox homes for sale in December, down 19.6% from December 2012, with 204 homes for sale! There were 35 homes closed in New Lenox during December 2013, up 84.2% with only 19 closings last December!!! Less available and more closings means it’s getting harder and harder for buyers to find properties and becoming more of a seller’s market.

The average market time for New Lenox during December 2013 was 72 days compared to 96 days last year in December, which is 25% lower. The average list price in New Lenox during December 2013 was $238,477 which is 28.4% lower compared to last December’s average list price of $333,105. The average sales price during December 2013 was $204,958 down 14.8% compared to last year’s average sales price of $240,644. The percentage of original list price received is about the same from last December to this December - 94.4% of the original list price last year compared to 94.2% this year. Homes are selling more quickly although prices took a small dip.

The number of new listings during December 2013 was 72.7% higher than last year – 38 new listings this December and only 22 new listings last December. The number of listings under contract increased 69.2% this December compared to last – 22 listings under contract this December compared to only 13 listings under contract last December! If you are thinking of selling in New Lenox, this might be the right time for you!