Is Heritage Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Heritage Park is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Heritage Park was a Seller's Market.

Key Takeaway

Heritage Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Heritage Park, IL

How much do homes in Heritage Park, IL cost?

Median Sold Price

$323,900

$183/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$58,004(-15.2%)

Key Takeaway

Homes in Heritage Park have sold for 15.2% less than they did a month ago.

Summary: The median home sold price in Heritage Park was $323,900 in December 2024, down 15.2% from last month, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $381.9K$323.9K
-15.2%
4 --
N/A
5+ --
N/A

Summary: Heritage Park housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 15.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Heritage Park, IL

How many homes are available in Heritage Park, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3422-35.3%

Summary: The Heritage Park real estate market had 22 homes for sale in December 2024, a 35.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 3422
-35.3%
4 00
0.0%
5+ 00
0.0%

Summary: The Heritage Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 35.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
123-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Heritage Park, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Heritage Park in December 2024, down by 75.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Heritage Park, IL

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

Average Sale Time

Nov 2024Dec 2024CHANGE
46 Days72 Days+57.4%

Summary: Homes in Heritage Park had an average of 72 days on market in Dec 2024, up by 57.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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

Most homes in Heritage Park are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 3 homes were sold in Heritage Park; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 6 Days Ago

Newest Listings in Heritage Park, IL

Nearby Markets to Heritage Park, IL