Is Arlington Heights, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Arlington Heights has remained a Seller's Market.
Housing Prices in Arlington Heights, IL
How much do homes in Arlington Heights, IL cost?
Median Sold Price
$416,416
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Arlington Heights was $416,416 in April 2024, up 9.6% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136K | $160K | +17.6% |
2 Bedrooms | $220K | $265K | +20.5% |
3 Bedrooms | $388K | $420K | +8.2% |
4 Bedrooms | $525K | $585K | +11.4% |
5+ Bedrooms | $567K | $700K | +23.5% |
Summary: Arlington Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Cities
Rolling Meadows | $270K | $298.5K | +10.6% |
Arlington Heights | $380K | $416.4K | +9.6% |
Mount Prospect | $351.9K | $380.1K | +8.0% |
Prospect Heights | $274.7K | $290K | +5.5% |
Wheeling Township | $334.9K | $349.4K | +4.3% |
Housing Supply in Arlington Heights, IL
How many homes are available in Arlington Heights, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
227 | 260 | +14.5% |
Summary: The Arlington Heights real estate market had 260 homes for sale in April 2024, a 14.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 19 | -5.0% |
2 Bedrooms | 64 | 67 | +4.7% |
3 Bedrooms | 58 | 79 | +36.2% |
4 Bedrooms | 65 | 74 | +13.8% |
5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Arlington Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 36.2%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 84 | +12.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in Arlington Heights in April 2024, up by 12.0% month-over-month. Of the 84 sold homes, 36% were sold under asking, 20% were sold at asking, and 44% were sold over asking.
Days on Market for Arlington Heights, IL
How long does it take to sell a home in Arlington Heights, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 17 Days | -3.5% |
Summary: Homes in Arlington Heights had an average of 17 days on market in Apr 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 84 homes were sold in Arlington Heights; 88% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.