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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Holland is a buyer's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

South Holland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in South Holland, IL cost?

Median Sold Price

$229,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$29,000(+14.5%)

Key Takeaway

Homes in South Holland have sold for 14.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $130K$150K
+15.4%
3 $193K$225K
+16.6%
4 $245K$247.5K
+1.0%
5+ $240.2K$287.4K
+19.6%

Median Sold Price Compared To Nearby Cities

South Holland
+14.5%
Thornton Township
+8.2%
Dolton
+3.6%
Thornton
+2.9%

How many homes are available in South Holland, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
137149+8.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1113
+18.2%
3 8695
+10.5%
4 3738
+2.7%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
2220-9.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Holland, you could pay more than the asking price. 45% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
26 Days33 Days+27.0%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Holland 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 Holland, IL

Homes for sale in South Holland, IL have reached 149. The number of listings in South Holland, IL increased by 8.8% between October 2022 and November 2022. In November 2022 median list price was $229,000 and the average listing age was 33 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 15.4%, prices of 3 bedrooms properties increased by 16.6%, prices of 4 bedrooms properties increased by 1%, the cost of 5 bedrooms properties went up by 19.6%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 18.2%, 3 bedrooms homes became 10.5% more available, 4 bedrooms homes became 2.7% more available, the quantity of 5 bedrooms homes have not changed. Over 9 listings were sold over their listed price in November 2022 in South Holland, IL. In the same period over 6 listings were sold below the listed price and 5 listings were sold for the listed price.

Related Housing Market Reports