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 February 2023

Since last year, Dolton has remained a Buyer'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

$149,700

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$525(-0.3%)

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 $149,700 in February 2024, down 0.3% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $130K-
N/A
2 $80K$82K
+2.5%
3 $159.6K$150K
-6.0%
4 $177K$154K
-13.0%
5+ $180K$259.9K
+44.4%

Summary: Dolton housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 44.4%.

Median Sold Price Compared To Nearby Cities

Riverdale
+6.6%
Dolton
-0.3%
South Holland
-0.8%
Thornton Township
-1.5%
Calumet City
-5.2%

Housing Supply in Dolton, IL

How many homes are available in Dolton, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
126156+23.8%

Summary: The Dolton real estate market had 156 homes for sale in February 2024, a 23.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 2126
+23.8%
3 88110
+25.0%
4 1316
+23.1%
5+ 44
0.0%

Summary: The Dolton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1219+58.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dolton, expect to pay close to the asking price. 36.8% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in Dolton in February 2024, up by 58.3% month-over-month. Of the 19 sold homes, 26% were sold under asking, 37% were sold at asking, and 37% 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

Feb 2023Feb 2024CHANGE
38 Days63 Days+63.7%

Summary: Homes in Dolton had an average of 63 days on market in Feb 2024, up by 63.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

6 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 February 2024, 19 homes were sold in Dolton; 58% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 32% 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 3 Days Ago

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