Is Rolling Meadows, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rolling Meadows is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Rolling Meadows has remained a Seller's Market.

Key Takeaway

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

How much do homes in Rolling Meadows, IL cost?

Median Sold Price

$260,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$7,850(+3.1%)

Key Takeaway

Homes in Rolling Meadows have sold for 3.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $105K$115K
+9.5%
2 $176.5K$169.7K
-3.8%
3 $279K$297.5K
+6.6%
4 $376.2K$387K
+2.9%
5+ $415K$537.5K
+29.5%

Median Sold Price Compared To Nearby Cities

Schaumburg
+9.5%
Arlington Heights
+4.7%
Palatine Township
+4.2%
Rolling Meadows
+3.1%
Palatine
0.2%

How many homes are available in Rolling Meadows, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
8370-15.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 88
0.0%
2 3127
-12.9%
3 2720
-25.9%
4 1613
-18.8%
5+ 12
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
2919-34.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rolling Meadows, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
25 Days15 Days-38.7%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rolling Meadows 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 Rolling Meadows, IL

Rolling Meadows, IL has 70 homes for sale to choose from. The number of listings in Rolling Meadows, IL decreased by 15.7% between October 2022 and November 2022. Listings spent 15 days on the market in November 2022, and had a median list price of $260,000 during the same period. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 9.5%, 2 bedrooms properties prices decreased by 3.8%, the cost of 3 bedrooms properties went up by 6.6%, prices of 4 bedrooms properties increased by 2.9%, 5 bedrooms properties prices increased by 29.5%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 12.9%, volume of 3 bedrooms homes went down by 25.9%, volume of 4 bedrooms homes went down by 18.8%, 5 bedrooms homes became 100% more available. While more than 5 listings in Rolling Meadows, IL in November 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 12 were sold below.

Related Housing Market Reports