Is Markham, IL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Markham is a neutral's market


Difference Since November 2022

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

Key Takeaway

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

Housing Prices in Markham, IL

How much do homes in Markham, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Markham have sold for 5.1% less than they did a year ago.

Summary: The median home sold price in Markham was $140,000 in November 2023, down 5.1% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 --
2 $101.1K$93.5K
3 $138K$125K
4 $167K$169.5K
5+ $182K$180.1K

Summary: Markham housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Cities

Hazel Crest
Bremen Township

Housing Supply in Markham, IL

How many homes are available in Markham, IL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Markham real estate market had 74 homes for sale in November 2023, the same as October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
2 32
3 4746
4 1921
5+ 55

Summary: The Markham housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Markham, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Markham in November 2023, down by 42.1% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% 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

Nov 2022Nov 2023CHANGE
63 Days19 Days-69.9%

Summary: Homes in Markham had an average of 19 days on market in Nov 2023, down by 69.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 11 homes were sold in Markham; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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

Newest Listings in Markham, IL

Nearby Markets to Markham, IL

What housing markets are near Markham, IL?