Is Arlington Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arlington Heights is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Arlington Heights, IL

How much do homes in Arlington Heights, IL cost?

Median Sold Price

$427,600

$247/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+4.9%)

Key Takeaway

Homes in Arlington Heights have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Arlington Heights was $427,600 in November 2024, up 4.9% from last year, and the median price per square foot was $247.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $154K$168.1K
+9.2%
2 $240K$260K
+8.3%
3 $410K$435K
+6.1%
4 $560K$649K
+15.9%
5+ $650.9K$740K
+13.7%

Summary: Arlington Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 13.7%.

Median Sold Price Compared To Nearby Cities

Rolling Meadows
+15.2%
Mount Prospect
+5.9%
Arlington Heights
+4.9%
Wheeling Township
+4.5%
Prospect Heights
-5.0%

Housing Supply in Arlington Heights, IL

How many homes are available in Arlington Heights, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
251232-7.6%

Summary: The Arlington Heights real estate market had 232 homes for sale in November 2024, a 7.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2624
-7.7%
2 6358
-7.9%
3 9084
-6.7%
4 5453
-1.9%
5+ 1813
-27.8%

Summary: The Arlington Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 27.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8577-9.4%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arlington Heights, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.

Summary: A total of 77 homes were sold or pending in Arlington Heights in November 2024, down by 9.4% month-over-month. Of the 77 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% were sold over asking.

Days on Market for Arlington Heights, IL

How long does it take to sell a home in Arlington Heights, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days18 Days+38.3%

Summary: Homes in Arlington Heights had an average of 18 days on market in Nov 2024, up by 38.3% compared to last year.

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 77 homes were sold in Arlington Heights; 78% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 1% 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 22 Days Ago

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