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Featured local agent — Lynwood, IL
Sarah Mitchell
Compass Real Estate · Lynwood, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lynwood, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$279,000median sale price
How is the Lynwood, IL housing market right now?
The median home sale price in Lynwood, IL is $279,000, down 0.4% year-over-year. Homes sell in an average of 38 days with 35 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lynwood a buyer's or seller's market?
Lynwood, IL is currently a balanced market, based on 3.9 months of supply and homes selling in about 38 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
38
Average pace
Active listings
35
3.9 months supply
Sale-to-list
98.8%
Below asking
What does the Lynwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $279,000 |
| Median list price | $311,850 |
| Year-over-year price change | -0.4% |
| Average days on market | 38 days |
| Active inventory | 35 listings |
| Months of supply | 3.9 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $127/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 16 |
| Listings with a price cut | 5.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lynwood by property type?
How the Lynwood, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $289,000 | $127/sq ft | 7 | 44 days |
| Condo / Co-op | $142,000 | $135/sq ft | 2 | 21 days |
| Townhouse | $359,800 | $194/sq ft | 1 | 230 days |
Source: Redfin · Updated monthly
The Lynwood housing market is currently classified as a balanced market with a median sale price of $279,000. Prices have fallen 0.4% compared to last year, with homes spending an average of 38 days on market, indicating 3.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lynwood
There are currently 35 homes listed for sale in Lynwood, Illinois. The median listing price is $312K.
Active listings
35
Homes on market
Median list price
$312K
Avg. days on market
38
Days until sale
New this week
16
Newly listed
Who lives in Lynwood?
Population
9,047
Median income
$76,619/yr
Median age
39.5 years
Owner-occupied
81.4%
College grads
39.6%
Avg commute
51.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Lynwood?
Zillow home value
$276,621
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Lynwood?
Lynwood is a community of approximately 9K residents with a median age of 39.5 years.The median household income is $76,619, which reflects a relatively affluent area with strong earning potential. 39.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 81.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 51.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lynwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lynwood?
1 schools tracked · 409 students
The largest public schools serving Lynwood, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Sandridge Elem School
Grades PK-8 · 409 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lynwood, IL?
Want a head-to-head view? Compare Lynwood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lynwood?
The median home sale price in Lynwood is $279,000, down 0.4% from last year.
How long do homes stay on market in Lynwood?
Homes typically spend 38 days on market before going under contract.
What is the median income in Lynwood?
The median household income is $76,619 per year.
Is Lynwood a buyer's or seller's market?
With 3.9 months of supply, Lynwood is currently a balanced market.
What is the Zillow home value estimate for Lynwood?
The Zillow Home Value Index (ZHVI) for Lynwood is $276,621, representing the typical home value in the area.
What is the median condo price in Lynwood?
The median condo/co-op sale price in Lynwood, IL is $142,000, compared to $289,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lynwood?
The median single-family home price in Lynwood, IL is $289,000 (about $127 per square foot).
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