Is Hickory Hills, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$316,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Hickory Hills was $316,000 in June 2024, up 21.5% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $111.5K | $126K | +13.0% |
2 Bedrooms | $192K | $189.5K | -1.3% |
3 Bedrooms | $299K | $340K | +13.7% |
4 Bedrooms | $355K | $380K | +7.0% |
5+ Bedrooms | $416.5K | $520K | +24.8% |
Summary: Hickory Hills housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 24.8%.
Median Sold Price Compared To Nearby Cities
Palos Township | $254.5K | $315K | +23.7% |
Hickory Hills | $260K | $316K | +21.5% |
Palos Hills | $216.7K | $260K | +20.0% |
Justice | $247K | $270K | +9.3% |
Bridgeview | $254K | $275K | +8.3% |
Housing Supply in Hickory Hills, IL
How many homes are available in Hickory Hills, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
35 | 45 | +28.6% |
Summary: The Hickory Hills real estate market had 45 homes for sale in June 2024, a 28.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 19 | 25 | +31.6% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Hickory Hills housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
6 | 15 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Hickory Hills in June 2024, up by 150.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
25 Days | 19 Days | -25.0% |
Summary: Homes in Hickory Hills had an average of 19 days on market in Jun 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 15 homes were sold in Hickory Hills; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.