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 April 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

$298,500

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$28,500(+10.6%)

Key Takeaway

Homes in Rolling Meadows have sold for 10.6% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $124K$152.5K
+23.0%
2 $200K$240.5K
+20.3%
3 $307K$326.5K
+6.4%
4 $405K$430K
+6.2%
5+ $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
+15.8%
Palatine
+13.0%
Rolling Meadows
+10.6%
Arlington Heights
+9.6%
Palatine Township
+6.7%

Housing Supply in Rolling Meadows, IL

How many homes are available in Rolling Meadows, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6076+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

# BEDSMar 2024Apr 2024CHANGE
1 47
+75.0%
2 2928
-3.4%
3 1421
+50.0%
4 1217
+41.7%
5+ 13
+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 2024Apr 2024CHANGE
1527+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rolling Meadows, you could pay more than the asking price. 74.1% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
20 Days6 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

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 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.

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

Report Updated 3 Days Ago

Newest Listings in Rolling Meadows, IL

Nearby Markets to Rolling Meadows, IL

What housing markets are near Rolling Meadows, IL?