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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Markham is a neutral's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in Markham, IL cost?

Median Sold Price

$145,000

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$20,750(+16.7%)

Key Takeaway

Homes in Markham have sold for 16.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $75K$88K
+17.4%
3 $120K$138K
+15.0%
4 $140K$169.9K
+21.4%
5+ $157.4K$177K
+12.4%

Median Sold Price Compared To Nearby Cities

Markham
+16.7%
Bremen Township
+7.9%
Hazel Crest
+6.3%
Posen
+2.9%
Harvey
0.0%

How many homes are available in Markham, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
7283+15.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 77
0.0%
3 4855
+14.6%
4 1517
+13.3%
5+ 24
+100.0%

Number of Homes Sold

Sep 2022Oct 2022%
913+44.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Markham, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
10 Days46 Days+366.1%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were 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.

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

About Markham, IL

Homes for sale in Markham, IL have reached 83. In October 2022 in Markham, IL there were 15.3% more homes for sale than in September 2022. While the average time on the market in October 2022 was 46 days, the median list price was $145,000. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 17.4%, prices of 3 bedrooms properties went up by 15%, 4 bedrooms properties prices increased by 21.4%, 5 bedrooms properties prices increased by 12.4%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes increased by 14.6%, 4 bedrooms homes became 13.3% more available, volume of 5 bedrooms homes went up by 100%. In October 2022 more than 3 listings in Markham, IL were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 8 were sold below.

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