Lockport currently leans toward a seller’s market, with a market gauge of 22 indicating sellers still have an edge. Inventory sits at 91 homes, paired with 3.1 months of supply, which is relatively tight. Typical home values are around $355,000, just slightly below the broader Will County figure of $360,000.
Price trends show a mostly steady picture with some recent momentum. The typical home value is down 0.7% from last year but has inched up by about 0.03% month over month, while the median list price has climbed to $399,900, up 13.62% from the previous month, and is projected to reach about $423,875 next month. Homes are taking longer to sell than a year ago, with median days on market up 47.92% to 71 days, though that is a 12.35% improvement from last month.
Buyer activity is picking up, with pending sales jumping 61.54% year over year to 42, and new listings rising 11.43% to 39. Roughly 18.68% of listings have price drops, and only about 17.24% of homes are selling above list price, with the average sale-to-list ratio close to 0.99, suggesting sellers must price carefully while buyers still face some competition. With Will County carrying 1,859 listings compared with Lockport’s tighter supply and a projected local inventory of 93 homes next month, conditions may feel different from one area to another, so both buyers and sellers can benefit from Agent Pronto’s help in finding the right local agent to guide them.
