Is South Holland, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, South Holland was a Seller's Market.
Housing Prices in South Holland, IL
How much do homes in South Holland, IL cost?
Median Sold Price
$228,700
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in South Holland was $228,700 in June 2024, up 4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $100K | N/A |
2 Bedrooms | $165.4K | $135K | -18.4% |
3 Bedrooms | $220K | $220K | 0.0% |
4 Bedrooms | $243.6K | $250K | +2.6% |
5+ Bedrooms | $289.5K | $262.5K | -9.3% |
Summary: South Holland housing prices by bedroom type for June 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 did not change, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
Thornton | $162K | $185K | +14.2% |
Thornton Township | $157.7K | $164.8K | +4.5% |
South Holland | $220K | $228.7K | +4.0% |
Dolton | $149.9K | $150.2K | 0.2% |
Housing Supply in South Holland, IL
How many homes are available in South Holland, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
102 | 125 | +22.5% |
Summary: The South Holland real estate market had 125 homes for sale in June 2024, a 22.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 70 | 80 | +14.3% |
4 Bedrooms | 26 | 37 | +42.3% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The South Holland housing inventory by bedroom type for June 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 14.3%, 4 bedroom homes increased by 42.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
26 | 17 | -34.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in South Holland in June 2024, down by 34.6% month-over-month. Of the 17 sold homes, 35% were sold under asking, 6% were sold at asking, and 59% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
43 Days | 23 Days | -46.1% |
Summary: Homes in South Holland had an average of 23 days on market in Jun 2024, down by 46.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 17 homes were sold in South Holland; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.