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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Midlothian is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Midlothian has remained a Seller's Market.

Key Takeaway

Midlothian is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Midlothian, IL cost?

Median Sold Price

$205,007

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$15,007(+7.9%)

Key Takeaway

Homes in Midlothian have sold for 7.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $53.5K$63.5K
+18.7%
2 $145K$153.5K
+5.9%
3 $202K$219.9K
+8.9%
4 $230K$250K
+8.7%
5+ $275K$265K
-3.6%

Median Sold Price Compared To Nearby Cities

Robbins
+79.5%
Bremen Township
+9.6%
Midlothian
+7.9%
Oak Forest
+6.5%
Crestwood
+4.5%

How many homes are available in Midlothian, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
81810.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 44
0.0%
2 1216
+33.3%
3 5248
-7.7%
4 77
0.0%
5+ 66
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
23230.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Midlothian, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
14 Days20 Days+41.5%

Breakdown of Home Sale Times

19 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 Midlothian 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 Midlothian, IL

Number of homes for sale in Midlothian, IL real estate market have reached 81. While the average time on the market in September 2022 was 20 days, the median list price was $205,007. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties prices increased by 18.7%, 2 bedrooms properties prices increased by 5.9%, 3 bedrooms properties prices increased by 8.9%, 4 bedrooms properties became 8.7% more expensive, the cost of 5 bedrooms properties went down by 3.6%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 33.3%, the quantity of 3 bedrooms homes went down by 7.7%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes inventory did not change. In September 2022 more than 6 listings in Midlothian, IL were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 10 were sold below.

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