Is Markham, 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, Markham has remained a Seller's Market.
Housing Prices in Markham, IL
How much do homes in Markham, IL cost?
Median Sold Price
$164,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Markham was $164,000 in June 2024, up 20.1% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $86.5K | $137.5K | +59.0% |
3 Bedrooms | $129K | $152.7K | +18.4% |
4 Bedrooms | $165K | $182K | +10.3% |
5+ Bedrooms | $173.8K | $188.7K | +8.6% |
Summary: Markham housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 59%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
Markham | $136.5K | $164K | +20.1% |
Hazel Crest | $155K | $180K | +16.1% |
Posen | $176K | $190K | +8.0% |
Bremen Township | $209.9K | $224K | +6.7% |
Harvey | $114K | $119.5K | +4.8% |
Housing Supply in Markham, IL
How many homes are available in Markham, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
69 | 66 | -4.3% |
Summary: The Markham real estate market had 66 homes for sale in June 2024, a 4.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 46 | 46 | 0.0% |
4 Bedrooms | 15 | 11 | -26.7% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Markham housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
15 | 13 | -13.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Markham in June 2024, down by 13.3% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
59 Days | 15 Days | -74.5% |
Summary: Homes in Markham had an average of 15 days on market in Jun 2024, down by 74.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 13 homes were sold in Markham; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.