This week we are taking a closer look at Lockport, Illinois. Here’s a look at what’s going on in the market in Lockport. A total of 5 active listings
3 are listed under $150,000
9 are listed $150,000-$200,000
25 are listed $200,000-$300,000
38 are listed $300,000+
The average market time from listing to contract is 4-180 days. The higher the price of the home the higher the market time. What does this mean? If your home is listed for $200,000 you will be on the market on average for 2 months before you have an offer on your home. If your home is listed for $400,000 or more you may be on the market for 4 months or more before you get an offer on your home. But, what does that mean? Why am I telling you this? So you can plan for your move 🙂 No Realtor has a crystal ball that can tell you EXACTLY when your home will sell, however, with the average market times it will give you an idea if you are thinking of selling your home.
What market are you in? How does the Lockport market compare to your market? Subscribe to my blog for weekly updates on market information for your area. I feature one suburb in my service area per week. If you would like your suburb to be featured please let me know.
Why do I update market information weekly? It is important as a homeowner to know what is going on in your market. Even if you have no current plans to sell your home it is important for many reasons such as your mortgage, tax purposes, and allowing you to make an informed decision when to sell. Sometimes you may not even be thinking about selling and the market could be so hot you decide its a great time to sell.
Considering moving in/out of the area and are interested what is happening in that market? I would be happy to send you a market report to update you.
If you have more questions about what the market is doing I would love to talk real estate with you. Call/text me at 708-268-0462 or e-mail me here.