Is Hickory Hills, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hickory Hills is a neutral's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Hickory Hills was a Seller's Market.

Key Takeaway

Hickory Hills is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Hickory Hills, IL cost?

Median Sold Price

$300,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$35,000(+13.2%)

Key Takeaway

Homes in Hickory Hills have sold for 13.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $72K$97K
+34.7%
2 $147.9K$181.7K
+22.8%
3 $289.5K$300K
+3.6%
4 $304K$385.6K
+26.8%
5+ $390K$388K
-0.5%

Median Sold Price Compared To Nearby Cities

Justice
+15.9%
Hickory Hills
+13.2%
Bridgeview
+12.7%
Palos Township
+8.3%
Palos Hills
0.4%

How many homes are available in Hickory Hills, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
5155+7.8%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 913
+44.4%
3 2826
-7.1%
4 79
+28.6%
5+ 66
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
139-30.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hickory Hills, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
17 Days22 Days+25.4%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hickory Hills 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 Hickory Hills, IL

There are 55 homes are for sale in Hickory Hills, IL real estate market. In September 2022 in Hickory Hills, IL there were 7.8% more homes for sale than in August 2022. While the average time on the market in September 2022 was 22 days, the median list price was $300,000. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties became 34.7% more expensive, 2 bedrooms properties prices increased by 22.8%, 3 bedrooms properties became 3.6% more expensive, 4 bedrooms properties prices increased by 26.8%, 5 bedrooms properties became 0.5% more cheaper. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went up by 44.4%, number of 3 bedrooms homes decreased by 7.1%, 4 bedrooms homes inventory increased by 28.6%, 5 bedrooms homes did not move. In September 2022 more than 0 listings in Hickory Hills, IL were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 7 were sold below.

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