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 September 2023

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.

Housing Prices in South Holland, IL

How much do homes in South Holland, IL cost?

Median Sold Price

$230,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,000(+4.5%)

Key Takeaway

Homes in South Holland have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in South Holland was $230,000 in September 2024, up 4.5% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$120K
N/A
2 $165.4K$135K
-18.4%
3 $216.7K$222.4K
+2.6%
4 $235K$269K
+14.5%
5+ $292.5K$264.9K
-9.4%

Summary: South Holland housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 9.4%.

Median Sold Price Compared To Nearby Cities

Thornton
+15.8%
Thornton Township
+9.7%
South Holland
+4.5%
Dolton
+3.9%
Phoenix
+2.7%

Housing Supply in South Holland, IL

How many homes are available in South Holland, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
112126+12.5%

Summary: The South Holland real estate market had 126 homes for sale in September 2024, a 12.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 55
0.0%
3 7587
+16.0%
4 2830
+7.1%
5+ 44
0.0%

Summary: The South Holland housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2717-37.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 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. 41.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in South Holland in September 2024, down by 37.0% month-over-month. Of the 17 sold homes, 41% were sold under asking, 24% were sold at asking, and 35% 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

Sep 2023Sep 2024CHANGE
40 Days38 Days-5.5%

Summary: Homes in South Holland had an average of 38 days on market in Sep 2024, down by 5.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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.

Summary: During September 2024, 17 homes were sold in South Holland; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% 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 South Holland, IL

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