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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hegewisch is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Hegewisch, IL

How much do homes in Hegewisch, IL cost?

Median Sold Price

$225,018

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,568(+7.9%)

Key Takeaway

Homes in Hegewisch have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Hegewisch was $225,018 in October 2024, up 7.9% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $182K$143.9K
-20.9%
3 $219.9K$227.5K
+3.5%
4 $197K$207.5K
+5.3%
5+ $164K$274K
+67.1%

Summary: Hegewisch 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 decreased by 20.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 67.1%.

Median Sold Price Compared To Nearby Neighborhoods

Far Southeast Side
+10.9%
South Deering
+10.7%
East Side
+9.5%
Hegewisch
+7.9%

Housing Supply in Hegewisch, IL

How many homes are available in Hegewisch, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1621+31.3%

Summary: The Hegewisch real estate market had 21 homes for sale in October 2024, a 31.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 910
+11.1%
4 33
0.0%
5+ 15
+400.0%

Summary: The Hegewisch 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 remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 400%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hegewisch, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Hegewisch in October 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Hegewisch, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days58 Days+323.6%

Summary: Homes in Hegewisch had an average of 58 days on market in Oct 2024, up by 323.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Hegewisch; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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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