Is Arlington Heights, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Arlington Heights has remained a Seller's Market.
Housing Prices in Arlington Heights, IL
How much do homes in Arlington Heights, IL cost?
Median Sold Price
$419,270
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Arlington Heights was $419,270 in June 2024, up 8.9% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $141.5K | $163K | +15.2% |
2 Bedrooms | $227.6K | $275K | +20.8% |
3 Bedrooms | $391.6K | $421.3K | +7.6% |
4 Bedrooms | $537K | $598.6K | +11.5% |
5+ Bedrooms | $569K | $730K | +28.3% |
Summary: Arlington Heights housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
Arlington Heights | $385K | $419.2K | +8.9% |
Rolling Meadows | $277K | $300K | +8.3% |
Mount Prospect | $361K | $380K | +5.3% |
Wheeling Township | $340.3K | $349.6K | +2.7% |
Prospect Heights | $310K | $255K | -17.7% |
Housing Supply in Arlington Heights, IL
How many homes are available in Arlington Heights, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
283 | 309 | +9.2% |
Summary: The Arlington Heights real estate market had 309 homes for sale in June 2024, a 9.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 23 | 32 | +39.1% |
2 Bedrooms | 64 | 71 | +10.9% |
3 Bedrooms | 96 | 107 | +11.5% |
4 Bedrooms | 81 | 85 | +4.9% |
5+ Bedrooms | 19 | 14 | -26.3% |
Summary: The Arlington Heights housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 39.1%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 26.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
110 | 103 | -6.4% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Summary: A total of 103 homes were sold or pending in Arlington Heights in June 2024, down by 6.4% month-over-month. Of the 103 sold homes, 30% were sold under asking, 16% were sold at asking, and 54% were sold over asking.
Days on Market for Arlington Heights, IL
How long does it take to sell a home in Arlington Heights, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
9 Days | 22 Days | +146.0% |
Summary: Homes in Arlington Heights had an average of 22 days on market in Jun 2024, up by 146% compared to last year.
Breakdown of Home Sale Times
92 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During June 2024, 103 homes were sold in Arlington Heights; 89% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.