Is Orland Hills, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orland Hills is a neutral's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

Orland Hills 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 Orland Hills, IL

How much do homes in Orland Hills, IL cost?

Median Sold Price

$290,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,000(+3.6%)

Key Takeaway

Homes in Orland Hills have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Orland Hills was $290,000 in April 2024, up 3.6% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $216.7K$226K
+4.3%
3 $289.5K$297.5K
+2.8%
4 $393.7K$328K
-16.7%
5+ -$310K
N/A

Summary: Orland Hills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Tinley Park
+11.5%
Orland Park
+9.4%
Orland Township
+8.1%
Orland Hills
+3.6%

Housing Supply in Orland Hills, IL

How many homes are available in Orland Hills, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1713-23.5%

Summary: The Orland Hills real estate market had 13 homes for sale in April 2024, a 23.5% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 109
-10.0%
4 53
-40.0%
5+ 10
-100.0%

Summary: The Orland Hills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
102-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orland Hills, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Orland Hills in April 2024, down by 80.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Orland Hills, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
18 Days8 Days-56.8%

Summary: Homes in Orland Hills had an average of 8 days on market in Apr 2024, down by 56.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 2 homes were sold in Orland Hills; 100% of homes were sold within 30 days, 0% 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 9 Days Ago

Newest Listings in Orland Hills, IL

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