Is South Chicago 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, South Chicago Heights has remained a Seller's Market.
Housing Prices in South Chicago Heights, IL
How much do homes in South Chicago Heights, IL cost?
Median Sold Price
$149,900
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Chicago Heights was $149,900 in April 2024, down 9.2% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $38K | N/A |
2 Bedrooms | $141K | $112.5K | -20.2% |
3 Bedrooms | $165K | $175K | +6.1% |
4 Bedrooms | $193K | - | N/A |
5+ Bedrooms | $120K | $270K | +125.0% |
Summary: South Chicago Heights 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 20.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 125%.
Median Sold Price Compared To Nearby Cities
Chicago Heights | $171.9K | $185.3K | +7.8% |
Steger | $152K | $163.7K | +7.7% |
Bloom Township | $184.9K | $195.3K | +5.6% |
South Chicago Heights | $165K | $149.9K | -9.2% |
Housing Supply in South Chicago Heights, IL
How many homes are available in South Chicago Heights, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Summary: The South Chicago Heights real estate market had 15 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The South Chicago Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in South Chicago Heights in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for South Chicago Heights, IL
How long does it take to sell a home in South Chicago Heights, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 16 Days | -75.8% |
Summary: Homes in South Chicago Heights had an average of 16 days on market in Apr 2024, down by 75.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in South Chicago Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.