Is Hickory Hills, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hickory Hills is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Hickory Hills 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 Hickory Hills, IL

How much do homes in Hickory Hills, IL cost?

Median Sold Price

$316,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$51,000(+19.2%)

Key Takeaway

Homes in Hickory Hills have sold for 19.2% more than they did a year ago.

Summary: The median home sold price in Hickory Hills was $316,000 in May 2024, up 19.2% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $107.5K$119.5K
+11.2%
2 $192K$180K
-6.3%
3 $310K$340K
+9.7%
4 $385K$380K
-1.3%
5+ $387.5K$470K
+21.3%

Summary: Hickory Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 21.3%.

Median Sold Price Compared To Nearby Cities

Palos Hills
+23.8%
Palos Township
+23.1%
Hickory Hills
+19.2%
Justice
+10.2%
Bridgeview
+9.6%

Housing Supply in Hickory Hills, IL

How many homes are available in Hickory Hills, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3438+11.8%

Summary: The Hickory Hills real estate market had 38 homes for sale in May 2024, a 11.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 46
+50.0%
3 1920
+5.3%
4 77
0.0%
5+ 34
+33.3%

Summary: The Hickory Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hickory Hills, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Hickory Hills in May 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Hickory Hills, IL

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

Average Sale Time

May 2023May 2024CHANGE
26 Days69 Days+159.4%

Summary: Homes in Hickory Hills had an average of 69 days on market in May 2024, up by 159.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 6 homes were sold in Hickory Hills; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 1 Day Ago

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