Welcome to your monthly "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 26% from one year earlier and did not change from the previous month These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month... was just under 410-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 44% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just under 320-thousand dollars. Overall, The number of units sold Increased 19% year-over-year and Increased more than 125% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 60439 (Lemont, IL)
Area Information for 60439 (Lemont, IL)
Community Character:Significant Percentage of Family Households, Stable Population, Low Residential Turnover, Suburb of Chicago
Population:22,749
Median Age:33.08 yr
Median Commute Time:31.11 mins
Educational Climate*:4
Recycling Likelihood**:110
Sales Tax:7%
Population Density:737/sq mi
Population Change Since 2000:15%
Closest Airport:Chicago Midway International
Closest College:Lewis University
Closest Jr. College:Westwood Coll Chicago Du Page
Median Household Income:$92,041
Annual Residential Turnover:13.19%
Median Years in Residence:3.51 yr
Median Home Sales Price:$298,750
Closest Major Sports Team:Kane County Cougars (a)
Change Avg. Household Income Since 2000:19%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for 60439 (Lemont, IL)
Median Age: 33.08Married: 50%Number of Households: 8,060Households with Children: 2,911
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)