November 2013 New Lenox Real Estate Market Conditions

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

There were 170 New Lenox homes for sale in November, down 22.4% from November 2012, with 219 homes for sale! There were 35 homes closed in New Lenox during November 2013, up 12.9% with only 31 closings last November. Buyers are definitely noticing the tighter inventory.

The average market time for New Lenox during November 2013 was 146 days compared to 88 days last year in November, which is 65.9% higher. The average list price in New Lenox during November 2013 was $267,597 which is 15.1% higher compared to last November’s average list price of $232,507. The average sales price during November 2013 was $237,633 up 11% compared to last year’s average sales price of $214,011. The percentage of original list price received is about the same from last November to this November - 92.7% of the original list price last year compared to 92.6% this year. Prices are still on the rise in New Lenox!

The number of new listings during November 2013 was 13.5% lower than last year – 32 new listings this November and 37 new listings last November. The number of listings under contract increased 39.1% this November compared to last – 32 listings under contract this November compared to only 23 listings under contract last November! If you are thinking of selling in New Lenox, this might be the right time for you!