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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Matteson is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Matteson has remained a Seller's Market.

Key Takeaway

Matteson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Matteson, IL

How much do homes in Matteson, IL cost?

Median Sold Price

$234,900

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$5,100(-2.1%)

Key Takeaway

Homes in Matteson have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Matteson was $234,900 in May 2024, down 2.1% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $148K-
N/A
2 $193.7K$161.2K
-16.8%
3 $225K$228.2K
+1.4%
4 $286K$275K
-3.8%
5+ $420K$341K
-18.8%

Summary: Matteson 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 16.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 18.8%.

Median Sold Price Compared To Nearby Cities

Richton Park
+6.0%
Olympia Fields
+4.7%
Park Forest
0.5%
Matteson
-2.1%
Rich Township
-4.8%

Housing Supply in Matteson, IL

How many homes are available in Matteson, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6479+23.4%

Summary: The Matteson real estate market had 79 homes for sale in May 2024, a 23.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 612
+100.0%
3 3436
+5.9%
4 1824
+33.3%
5+ 67
+16.7%

Summary: The Matteson 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 100%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1420+42.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Matteson, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Matteson in May 2024, up by 42.9% month-over-month. Of the 20 sold homes, 45% were sold under asking, 10% were sold at asking, and 45% were sold over asking.

Days on Market for Matteson, IL

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

Average Sale Time

May 2023May 2024CHANGE
29 Days29 Days0.1%

Summary: Homes in Matteson had an average of 29 days on market in May 2024, up by 0.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 20 homes were sold in Matteson; 55% of homes were sold within 30 days, 45% 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 1 Day Ago

Newest Listings in Matteson, IL

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