Is Dolton, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dolton is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Dolton was a Seller's Market.

Key Takeaway

Dolton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Dolton, IL

How much do homes in Dolton, IL cost?

Median Sold Price

$150,000

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$869(-0.6%)

Key Takeaway

Homes in Dolton have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Dolton was $150,000 in April 2024, down 0.6% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $130K-
N/A
2 $77K$90K
+16.9%
3 $158.6K$150K
-5.4%
4 $165K$198.9K
+20.6%
5+ $239.9K$259.5K
+8.2%

Summary: Dolton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.9%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 8.2%.

Median Sold Price Compared To Nearby Cities

Riverdale
+12.8%
Thornton Township
+2.4%
South Holland
+1.3%
Dolton
-0.6%
Calumet City
-1.3%

Housing Supply in Dolton, IL

How many homes are available in Dolton, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
146154+5.5%

Summary: The Dolton real estate market had 154 homes for sale in April 2024, a 5.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 2427
+12.5%
3 106107
+0.9%
4 1315
+15.4%
5+ 35
+66.7%

Summary: The Dolton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2625-3.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dolton, you could pay more than the asking price. 48% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Dolton in April 2024, down by 3.8% month-over-month. Of the 25 sold homes, 32% were sold under asking, 20% were sold at asking, and 48% were sold over asking.

Days on Market for Dolton, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
69 Days45 Days-34.3%

Summary: Homes in Dolton had an average of 45 days on market in Apr 2024, down by 34.3% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 25 homes were sold in Dolton; 48% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 16% 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 14 Days Ago

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