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.

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.

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