Is Arlington Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arlington Heights is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Arlington Heights has remained a Seller's Market.

Key Takeaway

Arlington Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Arlington Heights, IL

How much do homes in Arlington Heights, IL cost?

Median Sold Price

$416,416

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$36,416(+9.6%)

Key Takeaway

Homes in Arlington Heights have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Arlington Heights was $416,416 in April 2024, up 9.6% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $136K$160K
+17.6%
2 $220K$265K
+20.5%
3 $388K$420K
+8.2%
4 $525K$585K
+11.4%
5+ $567K$700K
+23.5%

Summary: Arlington Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 23.5%.

Median Sold Price Compared To Nearby Cities

Rolling Meadows
+10.6%
Arlington Heights
+9.6%
Mount Prospect
+8.0%
Prospect Heights
+5.5%
Wheeling Township
+4.3%

Housing Supply in Arlington Heights, IL

How many homes are available in Arlington Heights, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
227260+14.5%

Summary: The Arlington Heights real estate market had 260 homes for sale in April 2024, a 14.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 2019
-5.0%
2 6467
+4.7%
3 5879
+36.2%
4 6574
+13.8%
5+ 2021
+5.0%

Summary: The Arlington Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 36.2%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
7584+12.0%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arlington Heights, you could pay more than the asking price. 44% of homes here sold above asking price last month.

Summary: A total of 84 homes were sold or pending in Arlington Heights in April 2024, up by 12.0% month-over-month. Of the 84 sold homes, 36% were sold under asking, 20% were sold at asking, and 44% were sold over asking.

Days on Market for Arlington Heights, IL

How long does it take to sell a home in Arlington Heights, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
17 Days17 Days-3.5%

Summary: Homes in Arlington Heights had an average of 17 days on market in Apr 2024, down by 3.5% compared to last year.

Breakdown of Home Sale Times

74 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Arlington Heights are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 84 homes were sold in Arlington Heights; 88% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

Newest Listings in Arlington Heights, IL

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