Is Tinley Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Tinley Park has remained a Seller's Market.
Housing Prices in Tinley Park, IL
How much do homes in Tinley Park, IL cost?
Median Sold Price
$292,812
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tinley Park was $292,812 in April 2024, up 11.5% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108.4K | $170K | +56.8% |
2 Bedrooms | $221K | $234.9K | +6.3% |
3 Bedrooms | $305K | $325.5K | +6.7% |
4 Bedrooms | $415K | $417.5K | +0.6% |
5+ Bedrooms | $497.7K | $514.9K | +3.4% |
Summary: Tinley Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Tinley Park | $262.6K | $292.8K | +11.5% |
Orland Park | $320K | $349.9K | +9.4% |
Orland Township | $305.4K | $330K | +8.1% |
Orland Hills | $280K | $290K | +3.6% |
Oak Forest | $259.5K | $264K | +1.7% |
Housing Supply in Tinley Park, IL
How many homes are available in Tinley Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
183 | 189 | +3.3% |
Summary: The Tinley Park real estate market had 189 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 76 | 79 | +3.9% |
3 Bedrooms | 66 | 65 | -1.5% |
4 Bedrooms | 31 | 29 | -6.5% |
5+ Bedrooms | 9 | 15 | +66.7% |
Summary: The Tinley Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 60 | -18.9% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Tinley Park in April 2024, down by 18.9% month-over-month. Of the 60 sold homes, 37% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Tinley Park, IL
How long does it take to sell a home in Tinley Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 18 Days | -21.6% |
Summary: Homes in Tinley Park had an average of 18 days on market in Apr 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 60 homes were sold in Tinley Park; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.