Is Rolling Meadows, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$298,500
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rolling Meadows was $298,500 in April 2024, up 10.6% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124K | $152.5K | +23.0% |
2 Bedrooms | $200K | $240.5K | +20.3% |
3 Bedrooms | $307K | $326.5K | +6.4% |
4 Bedrooms | $405K | $430K | +6.2% |
5+ Bedrooms | $454.2K | $622.5K | +37.0% |
Summary: Rolling Meadows housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 37%.
Median Sold Price Compared To Nearby Cities
Schaumburg | $264.9K | $306.7K | +15.8% |
Palatine | $284.9K | $322K | +13.0% |
Rolling Meadows | $270K | $298.5K | +10.6% |
Arlington Heights | $380K | $416.4K | +9.6% |
Palatine Township | $318.5K | $340K | +6.7% |
Housing Supply in Rolling Meadows, IL
How many homes are available in Rolling Meadows, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 76 | +26.7% |
Summary: The Rolling Meadows real estate market had 76 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 29 | 28 | -3.4% |
3 Bedrooms | 14 | 21 | +50.0% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Rolling Meadows housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 27 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Rolling Meadows in April 2024, up by 80.0% month-over-month. Of the 27 sold homes, 19% were sold under asking, 7% were sold at asking, and 74% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 6 Days | -67.8% |
Summary: Homes in Rolling Meadows had an average of 6 days on market in Apr 2024, down by 67.8% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Rolling Meadows; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.