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 seller's market

Buyer's
Market

Difference Since February 2023

Since last year, South Holland has remained a Seller's Market.

Key Takeaway

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

Housing Prices in South Holland, IL

How much do homes in South Holland, IL cost?

Median Sold Price

$223,266

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$1,733(-0.8%)

Key Takeaway

Homes in South Holland have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in South Holland was $223,266 in February 2024, down 0.8% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$100K
N/A
2 $149K$165.4K
+11.1%
3 $225K$220K
-2.2%
4 $250K$230K
-8.0%
5+ $274.5K$292.5K
+6.6%

Summary: South Holland housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Cities

Thornton
+5.2%
Dolton
-0.3%
South Holland
-0.8%
Thornton Township
-1.5%

Housing Supply in South Holland, IL

How many homes are available in South Holland, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
92107+16.3%

Summary: The South Holland real estate market had 107 homes for sale in February 2024, a 16.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 5765
+14.0%
4 2530
+20.0%
5+ 47
+75.0%

Summary: The South Holland housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1718+5.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Holland, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in South Holland in February 2024, up by 5.9% month-over-month. Of the 18 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.

Days on Market for South Holland, IL

How long does it take to sell a home in South Holland, IL?

Average Sale Time

Feb 2023Feb 2024CHANGE
28 Days50 Days+76.3%

Summary: Homes in South Holland had an average of 50 days on market in Feb 2024, up by 76.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in South Holland has remained consistent over time.

Summary: During February 2024, 18 homes were sold in South Holland; 28% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 17% 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 1 Day Ago

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