As we move into the second quarter of 2025, it's the perfect time to reflect on how the real estate market performed in the first three months of the year. Whether you're thinking of buying, selling, or investing, understanding the latest trends and data can help you make confident, informed decisions. In this Q1 market update, we’ll break down key statistics from January through March, highlight notable shifts, and share what these numbers could mean for the months ahead.
MEDIAN SALES PRICE
JANUARY 2025
Lincoln-Way School District 210
New Lenox: $452,500 + 6.5%
Frankfort: $539,950 + 8.0%
Mokena: $475,000 + 2.5%
Manhattan: $430,000 + 0.0%
Tinley Park: $389,000 + 12.4%
Orland Park: $445,000 + 3.5%
Homer Glen: $525,000 + 9.8%
FEBRUARY 2025
New Lenox: $455,000 + 7.1%
Frankfort: $535,950 + 7.7%
Mokena: $475,000 + 2.2%
Manhattan: $430,000 + 0.0%
Tinley Park: $385,000 + 10%
Orland Park: $445,000 + 3.2%
Homer Glen: $525,000 + 7.9%
MARCH 2025
New Lenox: $455,000 + 5.3%
Frankfort: $535,950 + 6.5%
Mokena: $475,000 + 3%
Manhattan: $430,000 + 0.0%
Tinley Park: $385,000 + 11.1%
Orland Park: $449,000 + 2.5%
Homer Glen: $525,000 + 8.4%
Staying informed about market trends is essential in today’s ever-changing real estate landscape. Whether you're planning to make a move this year or just keeping an eye on the market, understanding the data helps you stay ahead. If you have questions about what these Q1 insights mean for your specific situation or you're ready to explore your options, don’t hesitate to reach out. I’m here to help you navigate the market with confidence.
Disclaimer: Data is from the MLS. Median sales price. All price ranges, Detached Single Family, all construction types. Lincoln-Way Area (District 210): This district includes the communities of New Lenox, Frankfort, Mokena, Manhattan, and parts of Tinley Park, Orland Park, and Homer Glen.
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