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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tinley Park is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Tinley Park, IL cost?

Median Sold Price

$265,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$30,232(+12.9%)

Key Takeaway

Homes in Tinley Park have sold for 12.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $77K$99.5K
+29.2%
2 $181.7K$215K
+18.3%
3 $265K$294.9K
+11.3%
4 $353.4K$396.5K
+12.2%
5+ $400K$489K
+22.3%

Median Sold Price Compared To Nearby Cities

Orland Hills
+13.1%
Tinley Park
+12.9%
Orland Township
+8.1%
Orland Park
+6.6%
Oak Forest
+6.5%

How many homes are available in Tinley Park, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
290270-6.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 32
-33.3%
2 122124
+1.6%
3 10887
-19.4%
4 4945
-8.2%
5+ 812
+50.0%

Number of Homes Sold

Aug 2022Sep 2022%
9888-10.2%

Asking Price vs. Sold Price

41 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tinley Park, you may be able to get a good deal. 46.6% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
15 Days18 Days+21.6%

Breakdown of Home Sale Times

71 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

3 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Tinley Park, IL

Tinley Park, IL has 270 homes on the market. The inventory of homes for sale in Tinley Park, IL between August 2022 and September 2022 decreased by 6.9%. While the average time on the market in September 2022 was 18 days, the median list price was $265,000. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 29.2%, prices of 2 bedrooms properties increased by 18.3%, prices of 3 bedrooms properties increased by 11.3%, 4 bedrooms properties prices increased by 12.2%, 5 bedrooms properties became 22.3% more expensive. This housing market inventory have changed: number of 1 bedroom homes decreased by 33.3%, the quantity of 2 bedrooms homes went up by 1.6%, the quantity of 3 bedrooms homes went down by 19.4%, number of 4 bedrooms homes decreased by 8.2%, 5 bedrooms homes inventory increased by 50%. While more than 32 listings in Tinley Park, IL in September 2022 were sold above asking price, there were more than 15 listings sold at asking price, and more than 41 were sold below.

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