Lockport Market Watch 2017-Amy Curtis Group

I’ve lived in Lockport for 2 ½ years now.

I like it here.

I like that Berkot’s is just a couple of blocks from my house.

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I like State Street, the architecture of the of the old buildings, and I like seeing the new businesses popping up and visiting the ones that feel like they’ve been here forever.

 

I’m close enough to all the places I need to be close to…Orland Park, my office, most everywhere I need to be is 20 minutes away. I’m minutes from 355, and if I want to get downtown there’s a train.

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And my house…I do love my house. I still have to pinch myself, can’t believe the beautiful big picture window and the outdated kitchen with the mid-century vibe are really mine.  And the truth is, if my house were somewhere else it would most likely have been out of financial reach for us.

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In just the couple of years that I’ve been here, I’ve seen a flurry of real estate activity…outdated homes coming on the market and selling quickly and months later returning to the market freshly updated and selling quickly again…

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So this week as I’ve been diving deep into market numbers I wasn’t surprised to see the median price in Lockport increased by nearly 17% in 2017. With an increase of almost 17%, it outperformed other area suburbs. 

 

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An increase in the median price doesn’t mean that all Lockport homes saw 16+% appreciation, but Lockport’s 2017 numbers speak to its appeal among buyers looking for the things I’ve happily found here:

Nearby conveniences.

Pretty cool little downtown area.

Accessibility to the train and expressways.

An affordable unique home in an established neighborhood.

A solid investment.

The market’s liked Lockport as much as I do!

Lockport by the numbers:

Closed Sales: 587

 

Months Supply: 2.8 months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Days on Market: 71 days

I’ve been diving deep into the numbers…and the stories they tell. Lockport’s numbers tell the story of some market love in 2017.

Curious what the market numbers mean for the value of your home? I’ve got those numbers too. Give me a holler!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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