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 July 2021

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.

How much do homes in Arlington Heights, IL cost?

Median Sold Price

$374,864

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$28,668(+8.3%)

Key Takeaway

Homes in Arlington Heights have sold for 8.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $117.2K$125.9K
+7.4%
2 $188.8K$195K
+3.3%
3 $340.7K$380K
+11.5%
4 $465K$506.5K
+8.9%
5+ $534.9K$590K
+10.3%

Median Sold Price Compared To Nearby Cities

Arlington Heights
+8.3%
Wheeling Township
+5.8%
Mount Prospect
+5.8%
Rolling Meadows
+2.0%
Prospect Heights
-12.8%

How many homes are available in Arlington Heights, IL?

Number of Homes For Sale

Jun 2022Jul 2022%
437441+0.9%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 4033
-17.5%
2 8186
+6.2%
3 167161
-3.6%
4 123129
+4.9%
5+ 2632
+23.1%

Number of Homes Sold

Jun 2022Jul 2022%
133108-18.8%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

55 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. 50.9% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
20 Days17 Days-17.6%

Breakdown of Home Sale Times

97 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

New

1216 S New Wilke Rd Unit 306, Arlington Heights, IL 60005

1216 S New Wilke Rd Unit 306, Arlington Heights, IL 60005

$129,000
850 SqFt
1 Bedroom
~$650/mo.*1 Full Bath
Tomasz Dubowski#11609287
Listing Office:
Family First RealtyMLS logo

New

1410 S Harvard Ave, Arlington Heights, IL 60005

1410 S Harvard Ave, Arlington Heights, IL 60005

$475,000
2,412 SqFt
5 Bedrooms
~$2,350/mo.*2 Full Baths, 1 Partial
Mark Berberick#11609049
Listing Office:
RE/MAX SuburbanMLS logo

New

2137 N Juniper Ln, Arlington Heights, IL 60004

2137 N Juniper Ln, Arlington Heights, IL 60004

$485,000
2,200 SqFt
3 Bedrooms
~$2,400/mo.*3 Full Baths
David Jaffe#11488645
Listing Office:
@properties Christie's International Real EstateMLS logo

New

1544 N Ridge Ave, Arlington Heights, IL 60004

1544 N Ridge Ave, Arlington Heights, IL 60004

$319,900
1,436 SqFt
3 Bedrooms
~$1,600/mo.*1 Full Bath, 1 Partial
Sherri Esenberg#11607948
Listing Office:
Berkshire Hathaway HomeServices Starck Real EstateMLS logo

New

1515 E Central Rd Unit 121C, Arlington Heights, IL 60005

1515 E Central Rd Unit 121C, Arlington Heights, IL 60005

$229,900
1,600 SqFt
3 Bedrooms
~$1,150/mo.*2 Full Baths
Jennifer Myk#11607851
Listing Office:
Coldwell Banker RealtyMLS logo

New

2 E Suffield Dr, Arlington Heights, IL 60004

2 E Suffield Dr, Arlington Heights, IL 60004

$489,000
2,720 SqFt
5 Bedrooms
~$2,450/mo.*2 Full Baths, 1 Partial
Penny O'Brien#11607763
Listing Office:
Baird & WarnerMLS logo

New

8 W Emerson St, Arlington Heights, IL 60005

8 W Emerson St, Arlington Heights, IL 60005

$324,900
1,694 SqFt
3 Bedrooms
~$1,600/mo.*2 Full Baths, 1 Partial
Linda Fleming Walsh#11607668
Listing Office:
Dream Town RealtyMLS logo

New

2339 S Cedar Glen Dr, Arlington Heights, IL 60005

2339 S Cedar Glen Dr, Arlington Heights, IL 60005

$439,900
2,304 SqFt
4 Bedrooms
~$2,200/mo.*2 Full Baths, 1 Partial
Danielle Addante#11470341
Listing Office:
d'aprile propertiesMLS logo

New

205 W Miner St Unit 300, Arlington Heights, IL 60005

205 W Miner St Unit 300, Arlington Heights, IL 60005

$227,000
1,100 SqFt
2 Bedrooms
~$1,150/mo.*2 Full Baths
Dagmara Tribuzio#11442282
Listing Office:
Keller Williams Success RealtyMLS logo

New

2815 N Mitchell Ave, Arlington Heights, IL 60004

2815 N Mitchell Ave, Arlington Heights, IL 60004

$524,900
3,051 SqFt
5 Bedrooms
~$2,600/mo.*2 Full Baths, 1 Partial
Sue Hall#11596052
Listing Office:
@properties Christie's International Real EstateMLS logo

New

1007 W White Oak St, Arlington Heights, IL 60005

1007 W White Oak St, Arlington Heights, IL 60005

$524,900
2,176 SqFt
3 Bedrooms
~$2,600/mo.*2 Full Baths, 1 Partial
Donna Plank#11490861
Listing Office:
@properties Christie's International Real EstateMLS logo

New

1220 N Harvard Ave, Arlington Heights, IL 60004

1220 N Harvard Ave, Arlington Heights, IL 60004

$549,900
1,650 SqFt
3 Bedrooms
~$2,750/mo.*1 Full Bath, 1 Partial
David Jaffe#11480117
Listing Office:
@properties Christie's International Real EstateMLS logo

About Arlington Heights, IL

Homes for sale in Arlington Heights, IL have reached 441. The number of homes for sale in Arlington Heights, IL increased by 0.9% between June 2022 and July 2022. The median list price of listings available in July 2022 was $374,864, while the average time on the real estate market was 17 days. Between June 2022 and July 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 7.4% more expensive, prices of 2 bedrooms properties went up by 3.3%, the cost of 3 bedrooms properties went up by 11.5%, prices of 4 bedrooms properties increased by 8.9%, 5 bedrooms properties became 10.3% more expensive. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went down by 17.5%, number of 2 bedrooms homes increased by 6.2%, volume of 3 bedrooms homes went down by 3.6%, the quantity of 4 bedrooms homes went up by 4.9%, the quantity of 5 bedrooms homes went up by 23.1%. In July 2022 more than 55 listings in Arlington Heights, IL were sold above the asking price. During the same period more than 19 listings were sold at asking price, while more than 34 were sold below.

MLS Disclaimers and Copyright

Based on information from Midwest Real Estate Data for the period 08/01/2020 - 08/01/2022

IDX Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/19/2022, 6:15:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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