Is Sheridan Hills, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sheridan Hills is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Sheridan Hills was a Neutral Market.

Key Takeaway

Sheridan Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sheridan Hills, IL

How much do homes in Sheridan Hills, IL cost?

Median Sold Price

$275,000

$171/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$80,000(+41.0%)

Key Takeaway

Homes in Sheridan Hills have sold for 41% more than they did a month ago.

Summary: The median home sold price in Sheridan Hills was $275,000 in March 2024, up 41% from last month, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $195K$275K
+41.0%
4 --
N/A
5+ --
N/A

Summary: Sheridan Hills housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 41%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Sheridan Hills, IL

How many homes are available in Sheridan Hills, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
65-16.7%

Summary: The Sheridan Hills real estate market had 5 homes for sale in March 2024, a 16.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 33
0.0%
5+ 00
0.0%

Summary: The Sheridan Hills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sheridan Hills, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Sheridan Hills in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Sheridan Hills, IL

How long does it take to sell a home in Sheridan Hills, IL?

Average Sale Time

Feb 2024Mar 2024CHANGE
7 Days56 Days+700.0%

Summary: Homes in Sheridan Hills had an average of 56 days on market in Mar 2024, up by 700% compared to last month.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Sheridan Hills has remained consistent over time.

Summary: During March 2024, 1 homes were sold in Sheridan Hills; 0% of homes were sold within 30 days, 100% 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 30 Days Ago

Newest Listings in Sheridan Hills, IL

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