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 seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Orland Hills, IL cost?

Median Sold Price

$273,500

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$48,000(+21.3%)

Key Takeaway

Homes in Orland Hills have sold for 21.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 --
N/A
2 $173K$197.5K
+14.2%
3 $235K$285K
+21.3%
4 $275.2K$312.5K
+13.5%
5+ $245K-
N/A

Median Sold Price Compared To Nearby Cities

Orland Hills
+21.3%
Orland Park
+15.6%
Orland Township
+11.3%
Tinley Park
+6.5%

How many homes are available in Orland Hills, IL?

Number of Homes For Sale

Apr 2022May 2022%
2221-4.5%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 67
+16.7%
3 1212
0.0%
4 42
-50.0%
5+ 00
0.0%

Number of Homes Sold

Apr 2022May 2022%
96-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

4 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. 66.7% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
7 Days5 Days-30.8%

Breakdown of Home Sale Times

6 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Orland Hills, IL

Homes for sale in Orland Hills, IL have reached 21. The number of homes for sale in Orland Hills, IL decreased by 4.5% between April 2022 and May 2022. In May 2022, listings were on the market for 5 days. During the same period, the median list price in this real estate market was $273,500. Between April 2022 and May 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 14.2%, the cost of 3 bedrooms properties went up by 21.3%, 4 bedrooms properties prices increased by 13.5%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, number of 2 bedrooms homes increased by 16.7%, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes inventory decreased by 50%, the quantity of 5 bedrooms homes have not changed. Over 4 listings were sold over their listed price in May 2022 in Orland Hills, IL. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price.

Related Housing Market Reports