Is Matteson, 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, Matteson has remained a Seller's Market.
Housing Prices in Matteson, IL
How much do homes in Matteson, IL cost?
Median Sold Price
$230,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Matteson was $230,000 in April 2024, down 4.2% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148K | - | N/A |
2 Bedrooms | $200K | $161.2K | -19.4% |
3 Bedrooms | $225K | $227.2K | +1.0% |
4 Bedrooms | $285K | $275K | -3.5% |
5+ Bedrooms | $405K | $400K | -1.2% |
Summary: Matteson 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 decreased by 19.4%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
Richton Park | $184K | $190.2K | +3.4% |
Olympia Fields | $321.2K | $322.3K | 0.3% |
Park Forest | $140.1K | $140.5K | 0.3% |
Matteson | $239.9K | $230K | -4.2% |
Rich Township | $209.9K | $195K | -7.1% |
Housing Supply in Matteson, IL
How many homes are available in Matteson, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
78 | 69 | -11.5% |
Summary: The Matteson real estate market had 69 homes for sale in April 2024, a 11.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 40 | 35 | -12.5% |
4 Bedrooms | 23 | 21 | -8.7% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Matteson 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 decreased by 14.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 13 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Matteson in April 2024, down by 50.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Matteson, IL
How long does it take to sell a home in Matteson, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 48 Days | +39.4% |
Summary: Homes in Matteson had an average of 48 days on market in Apr 2024, up by 39.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Matteson; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.