Is Evergreen Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Evergreen Park is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Evergreen Park has remained a Seller's Market.

Key Takeaway

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

How much do homes in Evergreen Park, IL cost?

Median Sold Price

$260,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$17,833(+7.4%)

Key Takeaway

Homes in Evergreen Park have sold for 7.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 -$144K
N/A
2 $205K$214.9K
+4.8%
3 $249.4K$264.9K
+6.2%
4 $265K$328K
+23.8%
5+ $355K$392.4K
+10.5%

Median Sold Price Compared To Nearby Cities

Oak Lawn
+11.0%
Hometown
+10.9%
Worth Township
+9.0%
Evergreen Park
+7.4%
Chicago
+2.9%

How many homes are available in Evergreen Park, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
8597+14.1%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 01
+100.0%
2 1521
+40.0%
3 4649
+6.5%
4 1617
+6.3%
5+ 89
+12.5%

Number of Homes Sold

Jul 2022Aug 2022%
1824+33.3%

Asking Price vs. Sold Price

9 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 Evergreen Park, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
15 Days18 Days+19.5%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Evergreen Park 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 Evergreen Park, IL

Homes for sale in Evergreen Park, IL have reached 97. Between July 2022 and August 2022, Evergreen Park, IL real estate market has seen increase in the number of listings by 14.1%. In August 2022, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $260,000. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 4.8% more expensive, the cost of 3 bedrooms properties went up by 6.2%, 4 bedrooms properties became 23.8% more expensive, prices of 5 bedrooms properties increased by 10.5%. Volume of homes for sale changed: the quantity of 1 bedroom homes went up by 100%, the quantity of 2 bedrooms homes went up by 40%, volume of 3 bedrooms homes went up by 6.5%, number of 4 bedrooms homes increased by 6.3%, number of 5 bedrooms homes increased by 12.5%. Over 9 listings were sold over their listed price in August 2022 in Evergreen Park, IL. In the same period over 9 listings were sold below the listed price and 6 listings were sold for the listed price.

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