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 seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

+$31,500(+11.5%)

Key Takeaway

Homes in Hickory Hills have sold for 11.5% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $105K$113K
+7.6%
2 $185K$185K
0.0%
3 $300K$329K
+9.7%
4 $395K$385K
-2.5%
5+ $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
+11.5%
Bridgeview
+6.3%
Palos Hills
+6.1%
Justice
+5.3%
Palos Township
+1.9%

Housing Supply in Hickory Hills, IL

How many homes are available in Hickory Hills, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3942+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

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 69
+50.0%
3 2222
0.0%
4 65
-16.7%
5+ 34
+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 2024Feb 2024CHANGE
812+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hickory Hills, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
29 Days19 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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