Is Hickory Hills, 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, Hickory Hills was a Seller's Market.
Housing Prices in Hickory Hills, IL
How much do homes in Hickory Hills, IL cost?
Median Sold Price
$316,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hickory Hills was $316,000 in May 2024, up 19.2% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107.5K | $119.5K | +11.2% |
2 Bedrooms | $192K | $180K | -6.3% |
3 Bedrooms | $310K | $340K | +9.7% |
4 Bedrooms | $385K | $380K | -1.3% |
5+ Bedrooms | $387.5K | $470K | +21.3% |
Summary: Hickory Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
Palos Hills | $210K | $260K | +23.8% |
Palos Township | $260K | $320.1K | +23.1% |
Hickory Hills | $265K | $316K | +19.2% |
Justice | $245K | $270K | +10.2% |
Bridgeview | $250K | $274K | +9.6% |
Housing Supply in Hickory Hills, IL
How many homes are available in Hickory Hills, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 38 | +11.8% |
Summary: The Hickory Hills real estate market had 38 homes for sale in May 2024, a 11.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Hickory Hills 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 50%, 3 bedroom homes increased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 6 | -45.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Hickory Hills in May 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Hickory Hills, IL
How long does it take to sell a home in Hickory Hills, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 69 Days | +159.4% |
Summary: Homes in Hickory Hills had an average of 69 days on market in May 2024, up by 159.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Hickory Hills; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.