Is Orland Hills, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orland Hills is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Orland Hills was a Seller's Market.

Key Takeaway

Orland Hills is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Orland Hills, IL

How much do homes in Orland Hills, IL cost?

Median Sold Price

$290,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,000(+3.6%)

Key Takeaway

Homes in Orland Hills have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Orland Hills was $290,000 in April 2024, up 3.6% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $216.7K$226K
+4.3%
3 $289.5K$297.5K
+2.8%
4 $393.7K$328K
-16.7%
5+ -$310K
N/A

Summary: Orland Hills 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 increased by 4.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Tinley Park
+11.5%
Orland Park
+9.4%
Orland Township
+8.1%
Orland Hills
+3.6%

Housing Supply in Orland Hills, IL

How many homes are available in Orland Hills, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1713-23.5%

Summary: The Orland Hills real estate market had 13 homes for sale in April 2024, a 23.5% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 109
-10.0%
4 53
-40.0%
5+ 10
-100.0%

Summary: The Orland Hills 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
102-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orland Hills, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Orland Hills in April 2024, down by 80.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Orland Hills, IL

How long does it take to sell a home in Orland Hills, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
18 Days8 Days-56.8%

Summary: Homes in Orland Hills had an average of 8 days on market in Apr 2024, down by 56.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 2 homes were sold in Orland Hills; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Orland Hills, IL

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