Is Dolton, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dolton is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Dolton 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 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

-$869(-0.6%)

Key Takeaway

Homes in Dolton have sold for 0.6% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $74.9K$99.9K
+33.4%
3 $158.2K$151.6K
-4.2%
4 $157K$205K
+30.6%
5+ $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
+15.0%
South Holland
+4.0%
Thornton Township
+3.7%
Dolton
-0.6%
Calumet City
-1.9%

Housing Supply in Dolton, IL

How many homes are available in Dolton, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
137145+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2625
-3.8%
3 95102
+7.4%
4 1213
+8.3%
5+ 45
+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 2024May 2024CHANGE
2621-19.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dolton, you could pay more than the asking price. 38.1% of homes here sold above asking price last month.

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 2023May 2024CHANGE
59 Days29 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 1 Day Ago

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