Is South Holland, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$226,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Holland was $226,000 in March 2024, up 0.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $100K | N/A |
2 Bedrooms | $165.9K | $159.4K | -3.9% |
3 Bedrooms | $224.9K | $220K | -2.2% |
4 Bedrooms | $250K | $240.2K | -3.9% |
5+ Bedrooms | $274.5K | $285K | +3.8% |
Summary: South Holland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
Thornton | $162.2K | $177.5K | +9.4% |
South Holland | $225K | $226K | 0.4% |
Thornton Township | $160K | $159K | -0.6% |
Dolton | $153.2K | $149.9K | -2.2% |
Housing Supply in South Holland, IL
How many homes are available in South Holland, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 115 | +22.3% |
Summary: The South Holland real estate market had 115 homes for sale in March 2024, a 22.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 59 | 76 | +28.8% |
4 Bedrooms | 24 | 32 | +33.3% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The South Holland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in South Holland in March 2024, down by 5.0% month-over-month. Of the 19 sold homes, 58% were sold under asking, 16% were sold at asking, and 26% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 51 Days | -18.3% |
Summary: Homes in South Holland had an average of 51 days on market in Mar 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in South Holland; 37% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.