Is South Chicago Heights, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Chicago Heights has remained a Seller's Market.
Housing Prices in South Chicago Heights, IL
How much do homes in South Chicago Heights, IL cost?
Median Sold Price
$172,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Chicago Heights was $172,000 in May 2024, up 4.2% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $38K | N/A |
2 Bedrooms | $133.5K | $112.5K | -15.7% |
3 Bedrooms | $165K | $179K | +8.5% |
4 Bedrooms | $196.5K | - | N/A |
5+ Bedrooms | $120K | $253.5K | +111.3% |
Summary: South Chicago Heights 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 decreased by 15.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 111.3%.
Median Sold Price Compared To Nearby Cities
Steger | $153.5K | $165.4K | +7.8% |
Chicago Heights | $174.7K | $185K | +5.9% |
South Chicago Heights | $165K | $172K | +4.2% |
Bloom Township | $188.4K | $195.8K | +3.9% |
Housing Supply in South Chicago Heights, IL
How many homes are available in South Chicago Heights, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Summary: The South Chicago Heights real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Chicago Heights 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 increased by 200%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in South Chicago Heights in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for South Chicago Heights, IL
How long does it take to sell a home in South Chicago Heights, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 32 Days | +161.3% |
Summary: Homes in South Chicago Heights had an average of 32 days on market in May 2024, up by 161.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in South Chicago Heights; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.