Is Hickory Hills, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Hickory Hills has remained a Seller's Market.
Housing Prices in Hickory Hills, IL
How much do homes in Hickory Hills, IL cost?
Median Sold Price
$306,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Hickory Hills was $306,500 in February 2024, up 11.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $113K | +7.6% |
2 Bedrooms | $185K | $185K | 0.0% |
3 Bedrooms | $300K | $329K | +9.7% |
4 Bedrooms | $395K | $385K | -2.5% |
5+ Bedrooms | $411.5K | $459K | +11.5% |
Summary: Hickory Hills housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Cities
Hickory Hills | $275K | $306.5K | +11.5% |
Bridgeview | $254.5K | $270.5K | +6.3% |
Palos Hills | $216.8K | $230K | +6.1% |
Justice | $245K | $258K | +5.3% |
Palos Township | $279.7K | $285K | +1.9% |
Housing Supply in Hickory Hills, IL
How many homes are available in Hickory Hills, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
39 | 42 | +7.7% |
Summary: The Hickory Hills real estate market had 42 homes for sale in February 2024, a 7.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Hickory Hills 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Hickory Hills in February 2024, up by 50.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Hickory Hills, IL
How long does it take to sell a home in Hickory Hills, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
29 Days | 19 Days | -35.5% |
Summary: Homes in Hickory Hills had an average of 19 days on market in Feb 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 12 homes were sold in Hickory Hills; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.