Is Dolton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Dolton was a Seller's Market.
Housing Prices in Dolton, IL
How much do homes in Dolton, IL cost?
Median Sold Price
$150,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Dolton was $150,000 in May 2024, down 0.6% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $74.9K | $99.9K | +33.4% |
3 Bedrooms | $158.2K | $151.6K | -4.2% |
4 Bedrooms | $157K | $205K | +30.6% |
5+ Bedrooms | $258K | $259K | 0.4% |
Summary: Dolton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.4%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
Riverdale | $112.9K | $130K | +15.0% |
South Holland | $220K | $228.7K | +4.0% |
Thornton Township | $159.1K | $164.9K | +3.7% |
Dolton | $150.8K | $150K | -0.6% |
Calumet City | $157.9K | $155K | -1.9% |
Housing Supply in Dolton, IL
How many homes are available in Dolton, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
137 | 145 | +5.8% |
Summary: The Dolton real estate market had 145 homes for sale in May 2024, a 5.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 26 | 25 | -3.8% |
3 Bedrooms | 95 | 102 | +7.4% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Dolton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 21 | -19.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Dolton in May 2024, down by 19.2% month-over-month. Of the 21 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% were sold over asking.
Days on Market for Dolton, IL
How long does it take to sell a home in Dolton, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 29 Days | -51.1% |
Summary: Homes in Dolton had an average of 29 days on market in May 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Dolton; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.