Is Chicago Heights, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chicago Heights has remained a Seller's Market.
Housing Prices in Chicago Heights, IL
How much do homes in Chicago Heights, IL cost?
Median Sold Price
$185,333
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chicago Heights was $185,333 in April 2024, up 7.8% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $74.2K | N/A |
2 Bedrooms | $141K | $141K | 0.0% |
3 Bedrooms | $172.2K | $184.9K | +7.4% |
4 Bedrooms | $195K | $210K | +7.7% |
5+ Bedrooms | $186.5K | $218.5K | +17.2% |
Summary: Chicago Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
Glenwood | $176.5K | $200.5K | +13.6% |
Chicago Heights | $171.9K | $185.3K | +7.8% |
Bloom Township | $184.9K | $195.3K | +5.6% |
Olympia Fields | $321.2K | $322.3K | 0.3% |
South Chicago Heights | $165K | $149.9K | -9.2% |
Housing Supply in Chicago Heights, IL
How many homes are available in Chicago Heights, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 108 | +4.9% |
Summary: The Chicago Heights real estate market had 108 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 58 | 60 | +3.4% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The Chicago Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Chicago Heights in April 2024, down by 3.8% month-over-month. Of the 25 sold homes, 44% were sold under asking, 8% were sold at asking, and 48% were sold over asking.
Days on Market for Chicago Heights, IL
How long does it take to sell a home in Chicago Heights, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 36 Days | -22.5% |
Summary: Homes in Chicago Heights had an average of 36 days on market in Apr 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Chicago Heights; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.