Is Rolling Meadows, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Rolling Meadows has remained a Seller's Market.
Housing Prices in Rolling Meadows, IL
How much do homes in Rolling Meadows, IL cost?
Median Sold Price
$291,195
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rolling Meadows was $291,195 in March 2024, up 8.7% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | $152.5K | +28.2% |
2 Bedrooms | $190K | $235K | +23.7% |
3 Bedrooms | $307K | $325K | +5.9% |
4 Bedrooms | $405K | $420K | +3.7% |
5+ Bedrooms | $537.5K | $539.2K | 0.3% |
Summary: Rolling Meadows housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.2%, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
Palatine | $279.9K | $323.4K | +15.5% |
Schaumburg | $264.3K | $304.3K | +15.1% |
Rolling Meadows | $268K | $291.1K | +8.7% |
Palatine Township | $317.2K | $340.1K | +7.2% |
Arlington Heights | $383.3K | $410.5K | +7.1% |
Housing Supply in Rolling Meadows, IL
How many homes are available in Rolling Meadows, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 61 | +35.6% |
Summary: The Rolling Meadows real estate market had 61 homes for sale in March 2024, a 35.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 27 | 29 | +7.4% |
3 Bedrooms | 9 | 16 | +77.8% |
4 Bedrooms | 5 | 10 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rolling Meadows housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 77.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Rolling Meadows in March 2024, up by 25.0% month-over-month. Of the 15 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 10 Days | -58.7% |
Summary: Homes in Rolling Meadows had an average of 10 days on market in Mar 2024, down by 58.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Rolling Meadows; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.