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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Matteson is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Matteson has remained a Seller's Market.

Key Takeaway

Matteson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Matteson, IL

How much do homes in Matteson, IL cost?

Median Sold Price

$234,900

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$5,100(-2.1%)

Key Takeaway

Homes in Matteson have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Matteson was $234,900 in May 2024, down 2.1% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $148K-
N/A
2 $193.7K$161.2K
-16.8%
3 $225K$228.2K
+1.4%
4 $286K$275K
-3.8%
5+ $420K$341K
-18.8%

Summary: Matteson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 18.8%.

Median Sold Price Compared To Nearby Cities

Richton Park
+6.0%
Olympia Fields
+4.7%
Park Forest
0.5%
Matteson
-2.1%
Rich Township
-4.8%

Housing Supply in Matteson, IL

How many homes are available in Matteson, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6479+23.4%

Summary: The Matteson real estate market had 79 homes for sale in May 2024, a 23.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 612
+100.0%
3 3436
+5.9%
4 1824
+33.3%
5+ 67
+16.7%

Summary: The Matteson 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 100%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1420+42.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Matteson, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Matteson in May 2024, up by 42.9% month-over-month. Of the 20 sold homes, 45% were sold under asking, 10% were sold at asking, and 45% 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

May 2023May 2024CHANGE
29 Days29 Days0.1%

Summary: Homes in Matteson had an average of 29 days on market in May 2024, up by 0.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 20 homes were sold in Matteson; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% 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 10 Days Ago

Newest Listings in Matteson, IL

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