Is Arlington Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arlington Heights is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Arlington Heights, IL

How much do homes in Arlington Heights, IL cost?

Median Sold Price

$425,281

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$25,281(+6.3%)

Key Takeaway

Homes in Arlington Heights have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Arlington Heights was $425,281 in September 2024, up 6.3% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $145.5K$166.5K
+14.4%
2 $234K$275K
+17.5%
3 $400.8K$429.2K
+7.1%
4 $550K$625K
+13.6%
5+ $640.5K$733.5K
+14.5%

Summary: Arlington Heights housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 14.5%.

Median Sold Price Compared To Nearby Cities

Rolling Meadows
+13.9%
Mount Prospect
+7.5%
Arlington Heights
+6.3%
Wheeling Township
+4.9%
Prospect Heights
-8.8%

Housing Supply in Arlington Heights, IL

How many homes are available in Arlington Heights, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
248281+13.3%

Summary: The Arlington Heights real estate market had 281 homes for sale in September 2024, a 13.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1424
+71.4%
2 6871
+4.4%
3 7993
+17.7%
4 7173
+2.8%
5+ 1620
+25.0%

Summary: The Arlington Heights housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 71.4%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
9072-20.0%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arlington Heights, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 72 homes were sold or pending in Arlington Heights in September 2024, down by 20.0% month-over-month. Of the 72 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% 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

Sep 2023Sep 2024CHANGE
13 Days15 Days+14.6%

Summary: Homes in Arlington Heights had an average of 15 days on market in Sep 2024, up by 14.6% compared to last year.

Breakdown of Home Sale Times

63 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 72 homes were sold in Arlington Heights; 88% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% 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 30 Days Ago

Newest Listings in Arlington Heights, IL

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