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

Housing Market Conditions



Gauge showing Rolling Meadows is a seller's market


Difference Since August 2022

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

How much do homes in Rolling Meadows, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Rolling Meadows have sold for 6.2% more than they did a year ago.

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

# BEDSAug 2022Aug 2023CHANGE
1 $111K$129.9K
2 $175K$210K
3 $292K$305K
4 $380K$430K
5+ $525K$511.7K

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 Township
Rolling Meadows
Arlington Heights

Housing Supply

How many homes are available in Rolling Meadows, IL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

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

# BEDSJul 2023Aug 2023CHANGE
1 78
2 2320
3 2319
4 810
5+ 11

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 2023Aug 2023CHANGE

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rolling Meadows, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.

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 2022Aug 2023CHANGE
14 Days5 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

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 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.

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

Report Updated 29 Days Ago

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Nearby Markets

What housing markets are near Rolling Meadows, IL?