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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Matteson is a neutral's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

Matteson 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 Matteson, IL

How much do homes in Matteson, IL cost?

Median Sold Price

$239,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$11,000(+4.8%)

Key Takeaway

Homes in Matteson have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Matteson was $239,000 in August 2024, up 4.8% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $148K-
N/A
2 $185K$165K
-10.8%
3 $212.9K$230K
+8.0%
4 $275K$283.5K
+3.1%
5+ $420K$353K
-16.0%

Summary: Matteson housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 16%.

Median Sold Price Compared To Nearby Cities

Matteson
+4.8%
Olympia Fields
+3.3%
Richton Park
+0.7%
Park Forest
-1.9%
Rich Township
-2.4%

Housing Supply in Matteson, IL

How many homes are available in Matteson, IL?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
7587+16.0%

Summary: The Matteson real estate market had 87 homes for sale in August 2024, a 16.0% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 1113
+18.2%
3 3032
+6.7%
4 2634
+30.8%
5+ 77
0.0%

Summary: The Matteson housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
1514-6.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Matteson, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in Matteson in August 2024, down by 6.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 50% were sold at asking, and 29% were sold over asking.

Days on Market for Matteson, IL

How long does it take to sell a home in Matteson, IL?

Average Sale Time

Aug 2023Aug 2024CHANGE
43 Days21 Days-50.6%

Summary: Homes in Matteson had an average of 21 days on market in Aug 2024, down by 50.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 14 homes were sold in Matteson; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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 7 Days Ago

Newest Listings in Matteson, IL

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