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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chicago Heights is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Chicago Heights, IL cost?

Median Sold Price

$170,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$8,683(+5.4%)

Key Takeaway

Homes in Chicago Heights have sold for 5.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $132.5K$135K
+1.9%
3 $166.6K$170K
+2.0%
4 $158K$190K
+20.3%
5+ $120K$164.5K
+37.1%

Median Sold Price Compared To Nearby Cities

Olympia Fields
+15.4%
South Chicago Heights
+10.7%
Glenwood
+7.8%
Bloom Township
+6.2%
Chicago Heights
+5.4%

How many homes are available in Chicago Heights, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
145153+5.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1012
+20.0%
3 8893
+5.7%
4 2729
+7.4%
5+ 2019
-5.0%

Number of Homes Sold

Oct 2022Nov 2022%
1927+42.1%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chicago Heights, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
28 Days53 Days+87.1%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chicago 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 Chicago Heights, IL

Chicago Heights, IL has 153 homes for sale to choose from. The number of listings in Chicago Heights, IL increased by 5.5% between October 2022 and November 2022. In November 2022, listings were on the market for 53 days. During the same period, the median list price in this real estate market was $170,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 1.9%, prices of 3 bedrooms properties went up by 2%, 4 bedrooms properties became 20.3% more expensive, 5 bedrooms properties prices increased by 37.1%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 20%, the quantity of 3 bedrooms homes went up by 5.7%, the quantity of 4 bedrooms homes went up by 7.4%, number of 5 bedrooms homes decreased by 5%. Over 9 listings were sold over their listed price in November 2022 in Chicago Heights, IL. In the same period over 12 listings were sold below the listed price and 6 listings were sold for the listed price.

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