Is Markham, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Markham was a Seller's Market.
Housing Prices in Markham, IL
How much do homes in Markham, IL cost?
Median Sold Price
$155,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Markham was $155,000 in February 2024, up 10.7% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $112.5K | $114.2K | +1.5% |
3 Bedrooms | $131K | $132.5K | +1.1% |
4 Bedrooms | $168.4K | $169.5K | +0.6% |
5+ Bedrooms | $173.5K | $181.5K | +4.6% |
Summary: Markham housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
Hazel Crest | $156.3K | $173.5K | +11.0% |
Markham | $140K | $155K | +10.7% |
Harvey | $108K | $115.4K | +6.9% |
Bremen Township | $213.4K | $214.8K | +0.7% |
Posen | $180K | $180K | 0.0% |
Housing Supply in Markham, IL
How many homes are available in Markham, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
69 | 71 | +2.9% |
Summary: The Markham real estate market had 71 homes for sale in February 2024, a 2.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 47 | 55 | +17.0% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Markham 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 remained the same, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 9 | -30.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Markham in February 2024, down by 30.8% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Markham, IL
How long does it take to sell a home in Markham, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 31 Days | -13.9% |
Summary: Homes in Markham had an average of 31 days on market in Feb 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 9 homes were sold in Markham; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.