Is Orland Hills, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Orland Hills was a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $216.7K | $226K | +4.3% |
3 Bedrooms | $289.5K | $297.5K | +2.8% |
4 Bedrooms | $393.7K | $328K | -16.7% |
5+ Bedrooms | - | $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 | $262.6K | $292.8K | +11.5% |
Orland Park | $320K | $349.9K | +9.4% |
Orland Township | $305.4K | $330K | +8.1% |
Orland Hills | $280K | $290K | +3.6% |
Housing Supply in Orland Hills, IL
How many homes are available in Orland Hills, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 13 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 1 | 0 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 2 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 8 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
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.