Is Rolling Meadows, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Rolling Meadows has remained a Seller's Market.
Housing Prices
How much do homes in Rolling Meadows, IL cost?
Median Sold Price
$276,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Rolling Meadows was $276,000 in August 2023, up 6.2% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $111K | $129.9K | +17.1% |
2 Bedrooms | $175K | $210K | +20.0% |
3 Bedrooms | $292K | $305K | +4.5% |
4 Bedrooms | $380K | $430K | +13.2% |
5+ Bedrooms | $525K | $511.7K | -2.5% |
Summary: Rolling Meadows housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
Palatine | $273.7K | $307.7K | +12.4% |
Schaumburg | $249.6K | $280K | +12.1% |
Palatine Township | $305.7K | $330.2K | +8.0% |
Rolling Meadows | $260K | $276K | +6.2% |
Arlington Heights | $376.4K | $395.4K | +5.0% |
Housing Supply
How many homes are available in Rolling Meadows, IL?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
62 | 58 | -6.5% |
Summary: The Rolling Meadows real estate market had 58 homes for sale in August 2023, a 6.5% decrease compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 23 | 20 | -13.0% |
3 Bedrooms | 23 | 19 | -17.4% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rolling Meadows housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
28 | 24 | -14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Rolling Meadows in August 2023, down by 14.3% month-over-month. Of the 24 sold homes, 25% were sold under asking, 21% were sold at asking, and 54% were sold over asking.
Days on Market
How long does it take to sell a home in Rolling Meadows, IL?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
14 Days | 5 Days | -61.7% |
Summary: Homes in Rolling Meadows had an average of 5 days on market in Aug 2023, down by 61.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During August 2023, 24 homes were sold in Rolling Meadows; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.