Is Matteson, 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, Matteson was a Seller's Market.
Housing Prices in Matteson, IL
How much do homes in Matteson, IL cost?
Median Sold Price
$230,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Matteson was $230,000 in February 2024, down 4.2% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $148K | N/A |
2 Bedrooms | $185K | $165K | -10.8% |
3 Bedrooms | $225K | $225K | 0.0% |
4 Bedrooms | $286K | $275K | -3.8% |
5+ Bedrooms | $390K | $420K | +7.7% |
Summary: Matteson 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 decreased by 10.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Richton Park | $175K | $198K | +13.1% |
Olympia Fields | $318K | $330K | +3.8% |
Park Forest | $139.9K | $140K | 0.0% |
Rich Township | $205.9K | $198.3K | -3.7% |
Matteson | $239.9K | $230K | -4.2% |
Housing Supply in Matteson, IL
How many homes are available in Matteson, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
71 | 87 | +22.5% |
Summary: The Matteson real estate market had 87 homes for sale in February 2024, a 22.5% 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 | 4 | 5 | +25.0% |
3 Bedrooms | 31 | 44 | +41.9% |
4 Bedrooms | 28 | 29 | +3.6% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Matteson 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 increased by 25%, 3 bedroom homes increased by 41.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 14 | +133.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Matteson in February 2024, up by 133.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 7% were sold at asking, and 50% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
43 Days | 42 Days | -3.2% |
Summary: Homes in Matteson had an average of 42 days on market in Feb 2024, down by 3.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 14 homes were sold in Matteson; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.