Is Matteson, 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, Matteson has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148K | - | N/A |
2 Bedrooms | $193.7K | $161.2K | -16.8% |
3 Bedrooms | $225K | $228.2K | +1.4% |
4 Bedrooms | $286K | $275K | -3.8% |
5+ Bedrooms | $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 | $183K | $194K | +6.0% |
Olympia Fields | $324.1K | $339.5K | +4.7% |
Park Forest | $140K | $140.7K | 0.5% |
Matteson | $240K | $234.9K | -2.1% |
Rich Township | $207.9K | $198K | -4.8% |
Housing Supply in Matteson, IL
How many homes are available in Matteson, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 79 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 12 | +100.0% |
3 Bedrooms | 34 | 36 | +5.9% |
4 Bedrooms | 18 | 24 | +33.3% |
5+ Bedrooms | 6 | 7 | +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 2024 | May 2024 | CHANGE |
---|---|---|
14 | 20 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 29 Days | 0.1% |
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
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.