Is South Chicago Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Chicago Heights is a neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, South Chicago Heights was a Seller's Market.

Key Takeaway

South Chicago Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in South Chicago Heights, IL cost?

Median Sold Price

$162,500

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$30,000(+22.6%)

Key Takeaway

Homes in South Chicago Heights have sold for 22.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $52K-
N/A
2 $121.5K$110K
-9.5%
3 $135K$175K
+29.6%
4 $215K$121.7K
-43.4%
5+ $150K$162K
+8.0%

Median Sold Price Compared To Nearby Cities

South Chicago Heights
+22.6%
Steger
+10.6%
Bloom Township
+8.6%
Chicago Heights
+5.4%

How many homes are available in South Chicago Heights, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
14140.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 32
-33.3%
3 99
0.0%
4 01
+100.0%
5+ 22
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Chicago Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
5 Days50 Days+852.4%

Breakdown of Home Sale Times

1 Home Was 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 South Chicago Heights are selling fast, if you're buying plan to act quickly.

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

About South Chicago Heights, IL

South Chicago Heights, IL has 14 homes on the market. The median list price of listings available in October 2022 was $162,500, while the average time on the real estate market was 50 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went down by 9.5%, 3 bedrooms properties became 29.6% more expensive, the cost of 4 bedrooms properties went down by 43.4%, prices of 5 bedrooms properties went up by 8%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory decreased by 33.3%, volume of 3 bedrooms homes stayed the same, number of 4 bedrooms homes increased by 100%, number of 5 bedrooms homes remained the same. In October 2022 more than 0 listings in South Chicago Heights, IL were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 1 were sold below.

Related Housing Market Reports