September 2014 New Lenox Real Estate Market Conditions

Let’s take a look at the New Lenox real estate market conditions during September 2014.

There were 230 New Lenox homes for sale in September, up 5.5% from September 2013, with 218 homes for sale. There were 44 homes closed in New Lenox during September 2014, up 10% with 40 closings last September. There is slightly more inventory this year while there are even more closings taking place!

The average market time for New Lenox during September 2014 was 76 days compared to 89 days last year in September, which is 14.6% lower. The average list price in New Lenox during September 2014 was $294,109 which is 0.8% lower compared to last September’s average list price of $296,430. The average sales price during September 2014 was $243,050 up 4.9% compared to last year’s average sales price of $231,750. The percentage of original list price received is 2.3% higher than last September - 93.9% of the original list price last year compared to 96.1% this year. Properties are selling more quickly this year compared to last while list price remains nearly the same. Properties are selling for higher prices and sellers are receiving a higher percentage of their original list prices.

The number of new listings during September 2014 was 26% higher than last year – 63 new listings this September compared to 50 new listings last September. The number of listings under contract increased by a whopping 53.8% this September compared to last – 40 listings under contract this September compared to only 26 listings under contract last September! If you are thinking of selling in New Lenox, this might be the right time for you! Contact The York Team for more information!