Is Tinley Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Tinley Park has remained a Seller's Market.
Housing Prices in Tinley Park, IL
How much do homes in Tinley Park, IL cost?
Median Sold Price
$290,158
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tinley Park was $290,158 in March 2024, up 10.6% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107K | $170K | +58.9% |
2 Bedrooms | $220K | $232.6K | +5.8% |
3 Bedrooms | $300K | $325K | +8.3% |
4 Bedrooms | $415K | $421K | +1.4% |
5+ Bedrooms | $487.5K | $512.9K | +5.2% |
Summary: Tinley Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.9%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
Tinley Park | $262.4K | $290.1K | +10.6% |
Orland Park | $319.8K | $350K | +9.4% |
Orland Township | $306.1K | $330K | +7.8% |
Orland Hills | $280K | $290K | +3.6% |
Oak Forest | $260K | $258K | -0.8% |
Housing Supply in Tinley Park, IL
How many homes are available in Tinley Park, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
161 | 188 | +16.8% |
Summary: The Tinley Park real estate market had 188 homes for sale in March 2024, a 16.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 69 | 75 | +8.7% |
3 Bedrooms | 59 | 69 | +16.9% |
4 Bedrooms | 27 | 31 | +14.8% |
5+ Bedrooms | 6 | 12 | +100.0% |
Summary: The Tinley Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 71 | +69.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Tinley Park in March 2024, up by 69.0% month-over-month. Of the 71 sold homes, 42% were sold under asking, 23% were sold at asking, and 35% were sold over asking.
Days on Market for Tinley Park, IL
How long does it take to sell a home in Tinley Park, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 26 Days | -7.5% |
Summary: Homes in Tinley Park had an average of 26 days on market in Mar 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 71 homes were sold in Tinley Park; 72% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.