Is Chicago 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, Chicago Heights has remained a Seller's Market.
Housing Prices in Chicago Heights, IL
How much do homes in Chicago Heights, IL cost?
Median Sold Price
$187,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chicago Heights was $187,000 in March 2024, up 10% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $74.2K | N/A |
2 Bedrooms | $138K | $149.9K | +8.6% |
3 Bedrooms | $170K | $185K | +8.8% |
4 Bedrooms | $193K | $210K | +8.8% |
5+ Bedrooms | $186.5K | $207.5K | +11.3% |
Summary: Chicago Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
Glenwood | $172.5K | $195K | +13.0% |
Chicago Heights | $170K | $187K | +10.0% |
Bloom Township | $184.9K | $194.9K | +5.4% |
Olympia Fields | $320K | $324.6K | +1.5% |
South Chicago Heights | $165K | $160.5K | -2.7% |
Housing Supply in Chicago Heights, IL
How many homes are available in Chicago Heights, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
120 | 112 | -6.7% |
Summary: The Chicago Heights real estate market had 112 homes for sale in March 2024, a 6.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 66 | 61 | -7.6% |
4 Bedrooms | 23 | 23 | 0.0% |
5+ Bedrooms | 24 | 21 | -12.5% |
Summary: The Chicago Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 24 | -11.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Chicago Heights in March 2024, down by 11.1% month-over-month. Of the 24 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Chicago Heights, IL
How long does it take to sell a home in Chicago Heights, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 68 Days | -13.1% |
Summary: Homes in Chicago Heights had an average of 68 days on market in Mar 2024, down by 13.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Chicago Heights; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.