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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dolton is a buyer's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

Dolton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Dolton, IL

How much do homes in Dolton, IL cost?

Median Sold Price

$150,250

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$350(+0.2%)

Key Takeaway

The sold price of homes in Dolton has remained the same since last year.

Summary: The median home sold price in Dolton was $150,250 in June 2024, up 0.2% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $74.9K$102.5K
+36.8%
3 $156K$155K
-0.6%
4 $174K$205K
+17.8%
5+ $258.9K$256.9K
-0.8%

Summary: Dolton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Cities

Riverdale
+8.7%
Thornton Township
+4.5%
South Holland
+4.0%
Calumet City
+2.9%
Dolton
0.2%

Housing Supply in Dolton, IL

How many homes are available in Dolton, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
132138+4.5%

Summary: The Dolton real estate market had 138 homes for sale in June 2024, a 4.5% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 2119
-9.5%
3 92101
+9.8%
4 1314
+7.7%
5+ 64
-33.3%

Summary: The Dolton housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
2515-40.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 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. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Dolton in June 2024, down by 40.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% 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

Jun 2023Jun 2024CHANGE
48 Days69 Days+42.6%

Summary: Homes in Dolton had an average of 69 days on market in Jun 2024, up by 42.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 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 June 2024, 15 homes were sold in Dolton; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% 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 26 Days Ago

Newest Listings in Dolton, IL

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