Is Richton Park, 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, Richton Park has remained a Seller's Market.
Housing Prices in Richton Park, IL
How much do homes in Richton Park, IL cost?
Median Sold Price
$194,950
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Richton Park was $194,950 in June 2024, up 8.9% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50.5K | $49K | -3.0% |
2 Bedrooms | $100K | $101K | +1.0% |
3 Bedrooms | $182.5K | $194.4K | +6.5% |
4 Bedrooms | $250K | $285K | +14.0% |
5+ Bedrooms | $345K | $310K | -10.1% |
Summary: Richton Park housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Cities
Richton Park | $179K | $194.9K | +8.9% |
University Park | $172.5K | $181K | +4.9% |
Park Forest | $140.2K | $142.8K | +1.9% |
Rich Township | $205.4K | $198.5K | -3.4% |
Matteson | $239.9K | $230K | -4.2% |
Housing Supply in Richton Park, IL
How many homes are available in Richton Park, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
51 | 53 | +3.9% |
Summary: The Richton Park real estate market had 53 homes for sale in June 2024, a 3.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 34 | 36 | +5.9% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Richton Park 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 decreased by 22.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Richton Park in June 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Richton Park, IL
How long does it take to sell a home in Richton Park, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
36 Days | 21 Days | -42.6% |
Summary: Homes in Richton Park had an average of 21 days on market in Jun 2024, down by 42.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 9 homes were sold in Richton Park; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.