Is Midlothian, 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, Midlothian has remained a Seller's Market.
Housing Prices in Midlothian, IL
How much do homes in Midlothian, IL cost?
Median Sold Price
$225,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Midlothian was $225,000 in June 2024, up 2.7% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $63K | $79.7K | +26.6% |
2 Bedrooms | $156K | $165K | +5.8% |
3 Bedrooms | $227K | $230K | +1.3% |
4 Bedrooms | $250K | $246.5K | -1.4% |
5+ Bedrooms | $420K | $267.4K | -36.3% |
Summary: Midlothian housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.6%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 36.3%.
Median Sold Price Compared To Nearby Cities
Crestwood | $154.7K | $169.9K | +9.8% |
Oak Forest | $255.9K | $275K | +7.5% |
Bremen Township | $209.9K | $224K | +6.7% |
Midlothian | $219K | $225K | +2.7% |
Housing Supply in Midlothian, IL
How many homes are available in Midlothian, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
34 | 40 | +17.6% |
Summary: The Midlothian real estate market had 40 homes for sale in June 2024, a 17.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 21 | 24 | +14.3% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Midlothian 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Midlothian in June 2024, the same as the previous month. Of the 13 sold homes, 31% were sold under asking, 0% were sold at asking, and 69% were sold over asking.
Days on Market for Midlothian, IL
How long does it take to sell a home in Midlothian, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 12 Days | -13.7% |
Summary: Homes in Midlothian had an average of 12 days on market in Jun 2024, down by 13.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 13 homes were sold in Midlothian; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.