Is Hegewisch, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hegewisch has remained a Seller's Market.
Housing Prices in Hegewisch, IL
How much do homes in Hegewisch, IL cost?
Median Sold Price
$210,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hegewisch was $210,000 in April 2024, up 5% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $189.9K | $159K | -16.3% |
3 Bedrooms | $205K | $219.8K | +7.2% |
4 Bedrooms | $236.5K | $190K | -19.7% |
5+ Bedrooms | $164K | $200K | +22.0% |
Summary: Hegewisch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Neighborhoods
East Side | $187K | $224K | +19.8% |
Hegewisch | $200K | $210K | +5.0% |
Far Southeast Side | $174.9K | $176.3K | +0.8% |
South Deering | $117K | $108.3K | -7.4% |
Housing Supply in Hegewisch, IL
How many homes are available in Hegewisch, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 19 | +46.2% |
Summary: The Hegewisch real estate market had 19 homes for sale in April 2024, a 46.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 8 | 13 | +62.5% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hegewisch housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Hegewisch in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Hegewisch, IL
How long does it take to sell a home in Hegewisch, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 44 Days | +60.0% |
Summary: Homes in Hegewisch had an average of 44 days on market in Apr 2024, up by 60% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Hegewisch; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.