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 2023

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.

Housing Prices in Rolling Meadows, IL

How much do homes in Rolling Meadows, IL cost?

Median Sold Price

$322,500

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$42,500(+15.2%)

Key Takeaway

Homes in Rolling Meadows have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in Rolling Meadows was $322,500 in November 2024, up 15.2% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $145K$158.5K
+9.3%
2 $217.1K$267K
+23.0%
3 $305.5K$350K
+14.6%
4 $430K$471K
+9.5%
5+ $454.2K$655K
+44.2%

Summary: Rolling Meadows housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 44.2%.

Median Sold Price Compared To Nearby Cities

Rolling Meadows
+15.2%
Palatine Township
+8.4%
Palatine
+6.5%
Schaumburg
+5.4%
Arlington Heights
+4.9%

Housing Supply in Rolling Meadows, IL

How many homes are available in Rolling Meadows, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8174-8.6%

Summary: The Rolling Meadows real estate market had 74 homes for sale in November 2024, a 8.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 95
-44.4%
2 3435
+2.9%
3 2324
+4.3%
4 1510
-33.3%
5+ 00
0.0%

Summary: The Rolling Meadows housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2523-8.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 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. 52.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Rolling Meadows in November 2024, down by 8.0% month-over-month. Of the 23 sold homes, 52% were sold under asking, 13% were sold at asking, and 35% were sold over asking.

Days on Market for Rolling Meadows, IL

How long does it take to sell a home in Rolling Meadows, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
8 Days18 Days+113.6%

Summary: Homes in Rolling Meadows had an average of 18 days on market in Nov 2024, up by 113.6% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

5 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.

Summary: During November 2024, 23 homes were sold in Rolling Meadows; 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.

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

Report Updated 7 Days Ago

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