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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hegewisch is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$10,000(+5.0%)

Key Takeaway

Homes in Hegewisch have sold for 5% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $189.9K$159K
-16.3%
3 $205K$219.8K
+7.2%
4 $236.5K$190K
-19.7%
5+ $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
+19.8%
Hegewisch
+5.0%
Far Southeast Side
+0.8%
South Deering
-7.4%

Housing Supply in Hegewisch, IL

How many homes are available in Hegewisch, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1319+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 813
+62.5%
4 12
+100.0%
5+ 33
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 2024Apr 2024CHANGE
14+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hegewisch, you could pay more than the asking price. 50% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
27 Days44 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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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