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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dolton is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Dolton 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 Dolton, IL

How much do homes in Dolton, IL cost?

Median Sold Price

$155,000

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,233(+3.5%)

Key Takeaway

Homes in Dolton have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Dolton was $155,000 in October 2024, up 3.5% from last year, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $84.5K$116.5K
+37.9%
3 $150K$155K
+3.3%
4 $150K$201K
+34.0%
5+ $264.9K$198.5K
-25.1%

Summary: Dolton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 34%, and 5+ bedroom homes decreased by 25.1%.

Median Sold Price Compared To Nearby Cities

Riverdale
+16.1%
Thornton Township
+9.6%
South Holland
+5.0%
Dolton
+3.5%
Calumet City
+3.4%

Housing Supply in Dolton, IL

How many homes are available in Dolton, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
109128+17.4%

Summary: The Dolton real estate market had 128 homes for sale in October 2024, a 17.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1215
+25.0%
3 7179
+11.3%
4 2228
+27.3%
5+ 46
+50.0%

Summary: The Dolton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1421+50.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dolton, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Dolton in October 2024, up by 50.0% month-over-month. Of the 21 sold homes, 52% were sold under asking, 14% were sold at asking, and 33% were sold over asking.

Days on Market for Dolton, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
55 Days23 Days-58.1%

Summary: Homes in Dolton had an average of 23 days on market in Oct 2024, down by 58.1% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 21 homes were sold in Dolton; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% 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 16 Days Ago

Newest Listings in Dolton, IL

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