April 2014 New Lenox Real Estate Market Conditions

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

There were 206 New Lenox homes for sale in April, down 8% from April 2013, with 224 homes for sale! There were 40 homes closed in New Lenox during April 2014, up 29% with 31 closings last April! Fewer homes for sale and more closings is a positive sign for the New Lenox real estate market!

The average market time for New Lenox during April 2014 was 100 days compared to 145 days last year in April, which is 30.9% lower!!! The average list price in New Lenox during April 2014 was $296,298 which is 0.7% higher compared to last April’s average list price of $294,335. The average sales price during April 2014 was $206,513 down 9.7% compared to last year’s average sales price of $228,806. The percentage of original list price received is 2.1% higher than last April - 91.7% of the original list price last year compared to 93.6% this year. Market time has decreased since last year and prices remain about the same. It’s great that sellers are getting nearly 94% of their original asking price!

The number of new listings during April 2014 was 9.9% higher than last year – 89 new listings this April compared to 81 new listings last April! The number of listings under contract increased 13% this April compared to last – 61 listings under contract this April compared to 54 listings under contract last April! If you are thinking of selling in New Lenox, this might be the right time for you!