March 2014 New Lenox Real Estate Market Conditions

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

There were 199 New Lenox homes for sale in March, down 8.7% from March 2013, with 218 homes for sale! There were 23 homes closed in New Lenox during March 2014, down 17.9% with 28 closings last March!!! We’re well into the spring 2014 real estate market in New Lenox!

The average market time for New Lenox during March 2014 was 105 days compared to 218 days last year in March, which is 51.9% lower!!! The average list price in New Lenox during March 2014 was $338,965 which is 42.7% higher compared to last March’s average list price of $237,564. The average sales price during March 2014 was $230,198 up 2.6% compared to last year’s average sales price of $224,274. The percentage of original list price received is 1.1% higher than last March - 89.9% of the original list price last year compared to 90.9% this year. Properties are selling twice as fast this spring!

The number of new listings during March 2014 was 102.2% HIGHER than last year – 91 new listings this March compared to 45 new listings last March! The number of listings under contract increased 19.4% this March compared to last – 43 listings under contract this March compared to 36 listings under contract last March! If you are thinking of selling in New Lenox, this might be the right time for you!