Is Dolton, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dolton is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Dolton was a Seller's Market.

Key Takeaway

Dolton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Dolton, IL

How much do homes in Dolton, IL cost?

Median Sold Price

$149,900

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$3,350(-2.2%)

Key Takeaway

Homes in Dolton have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in Dolton was $149,900 in March 2024, down 2.2% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $130K-
N/A
2 $77K$87K
+13.0%
3 $159.9K$150K
-6.2%
4 $177K$174K
-1.7%
5+ $203K$259K
+27.6%

Summary: Dolton 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 13%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 27.6%.

Median Sold Price Compared To Nearby Cities

Riverdale
+12.3%
South Holland
0.4%
Thornton Township
-0.6%
Dolton
-2.2%
Calumet City
-6.1%

Housing Supply in Dolton, IL

How many homes are available in Dolton, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
147156+6.1%

Summary: The Dolton real estate market had 156 homes for sale in March 2024, a 6.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2326
+13.0%
3 105114
+8.6%
4 1513
-13.3%
5+ 43
-25.0%

Summary: The Dolton 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 increased by 13%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2123+9.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dolton, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Dolton in March 2024, up by 9.5% month-over-month. Of the 23 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.

Days on Market for Dolton, IL

How long does it take to sell a home in Dolton, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
55 Days50 Days-9.6%

Summary: Homes in Dolton had an average of 50 days on market in Mar 2024, down by 9.6% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 23 homes were sold in Dolton; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% 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 19 Days Ago

Newest Listings in Dolton, IL

Nearby Markets to Dolton, IL

What housing markets are near Dolton, IL?