Lockport Real Estate Market Struggles to Contracts Low

There were 42 homes sold in the Lockport market over the last 30 days, while 48 contracts were executed. This marks the lowest amount since July, and could be a sign that the market is weakening. During the same time frame, Joliet had the most of any other neighboring municipalities with 216 contracts executed. Potential buyers should note that prices are coming down in Lockport, and for this period the median sales price slid from $200,250 to $194,450. The rising sales and a low three months of inventory point to Lockport being a seller's market.

If a home with lots of bedrooms is what you want, then be sure to take a look at these listings in Lockport:

$299K   $359K   $369K  

Get started right now by checking out Lockport homes for sale or reviewing Lockport real estate trends.

Demographic facts about Lockport:

  • The population has increased 46.9% in the last 10 years.
  • This area has a safety rating of 80. (Scale: 1 = Worst, 100 = Best)
  • People in this area have an average commute to work of 39 minutes.

Data reported through 10/12/2016

Comments:

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