Is Arlington Heights, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$410,500
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Arlington Heights was $410,500 in March 2024, up 7.1% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $155K | +14.8% |
2 Bedrooms | $218.4K | $252.2K | +15.5% |
3 Bedrooms | $389.9K | $416K | +6.7% |
4 Bedrooms | $515K | $575.6K | +11.8% |
5+ Bedrooms | $574.9K | $669K | +16.4% |
Summary: Arlington Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
Rolling Meadows | $268K | $291.1K | +8.7% |
Mount Prospect | $352.2K | $380.2K | +7.9% |
Arlington Heights | $383.3K | $410.5K | +7.1% |
Prospect Heights | $267.5K | $285K | +6.5% |
Wheeling Township | $334.9K | $346.7K | +3.5% |
Housing Supply in Arlington Heights, IL
How many homes are available in Arlington Heights, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
192 | 229 | +19.3% |
Summary: The Arlington Heights real estate market had 229 homes for sale in March 2024, a 19.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 21 | +16.7% |
2 Bedrooms | 48 | 66 | +37.5% |
3 Bedrooms | 58 | 59 | +1.7% |
4 Bedrooms | 48 | 65 | +35.4% |
5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The Arlington Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 35.4%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 72 | +60.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in Arlington Heights in March 2024, up by 60.0% month-over-month. Of the 72 sold homes, 39% were sold under asking, 13% were sold at asking, and 49% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 21 Days | -34.5% |
Summary: Homes in Arlington Heights had an average of 21 days on market in Mar 2024, down by 34.5% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 72 homes were sold in Arlington Heights; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.