Is Tinley Park, IL a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Tinley Park is a seller's market


Difference Since August 2022

Since last year, Tinley Park has remained a Seller's Market.

Key Takeaway

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

Housing Prices

How much do homes in Tinley Park, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Tinley Park have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Tinley Park was $270,208 in August 2023, up 2.3% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $103.2K$117K
2 $214.9K$221.1K
3 $292K$309.9K
4 $393K$415K
5+ $480K$475K

Summary: Tinley Park housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Cities

Orland Park
Orland Township
Tinley Park
Oak Forest
Orland Hills

Housing Supply

How many homes are available in Tinley Park, IL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Tinley Park real estate market had 205 homes for sale in August 2023, a 6.4% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 22
2 8268
3 8587
4 3433
5+ 1615

Summary: The Tinley Park housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 6.3%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tinley Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 78 homes were sold or pending in Tinley Park in August 2023, down by 4.9% month-over-month. Of the 78 sold homes, 37% were sold under asking, 13% were sold at asking, and 50% were sold over asking.

Days on Market

How long does it take to sell a home in Tinley Park, IL?

Average Sale Time

Aug 2022Aug 2023CHANGE
15 Days17 Days+14.1%

Summary: Homes in Tinley Park had an average of 17 days on market in Aug 2023, up by 14.1% compared to last year.

Breakdown of Home Sale Times

70 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tinley Park are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 78 homes were sold in Tinley Park; 90% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% 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 22 Days Ago

Newest Listings

Nearby Markets

What housing markets are near Tinley Park, IL?