Is Rolling Meadows, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rolling Meadows has remained a Seller's Market.
Housing Prices in Rolling Meadows, IL
How much do homes in Rolling Meadows, IL cost?
Median Sold Price
$300,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rolling Meadows was $300,000 in May 2024, up 9.9% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $152.5K | +22.0% |
2 Bedrooms | $207.7K | $245.5K | +18.2% |
3 Bedrooms | $307.7K | $330K | +7.2% |
4 Bedrooms | $410K | $430K | +4.9% |
5+ Bedrooms | $454.2K | $650K | +43.1% |
Summary: Rolling Meadows housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 43.1%.
Median Sold Price Compared To Nearby Cities
Schaumburg | $261.5K | $309.4K | +18.3% |
Palatine | $290K | $322K | +11.0% |
Arlington Heights | $380.1K | $420.3K | +10.6% |
Rolling Meadows | $272.8K | $300K | +9.9% |
Palatine Township | $319.4K | $349.6K | +9.5% |
Housing Supply in Rolling Meadows, IL
How many homes are available in Rolling Meadows, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 90 | +23.3% |
Summary: The Rolling Meadows real estate market had 90 homes for sale in May 2024, a 23.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 27 | 33 | +22.2% |
3 Bedrooms | 19 | 29 | +52.6% |
4 Bedrooms | 16 | 15 | -6.3% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Rolling Meadows 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 22.2%, 3 bedroom homes increased by 52.6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 30 | +11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Rolling Meadows in May 2024, up by 11.1% month-over-month. Of the 30 sold homes, 17% were sold under asking, 7% were sold at asking, and 77% were sold over asking.
Days on Market for Rolling Meadows, IL
How long does it take to sell a home in Rolling Meadows, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 10 Days | -24.1% |
Summary: Homes in Rolling Meadows had an average of 10 days on market in May 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Rolling Meadows; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.