Is Hickory Hills, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hickory Hills is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Hickory Hills, IL

How much do homes in Hickory Hills, IL cost?

Median Sold Price

$330,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,130(+13.5%)

Key Takeaway

Homes in Hickory Hills have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in Hickory Hills was $330,000 in October 2024, up 13.5% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $111.5K$126K
+13.0%
2 $191K$189K
-1.0%
3 $316K$350K
+10.8%
4 $350K$405K
+15.7%
5+ $369K$545K
+47.7%

Summary: Hickory Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 47.7%.

Median Sold Price Compared To Nearby Cities

Palos Hills
+26.6%
Palos Township
+20.2%
Hickory Hills
+13.5%
Justice
+9.0%
Bridgeview
+6.3%

Housing Supply in Hickory Hills, IL

How many homes are available in Hickory Hills, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2844+57.1%

Summary: The Hickory Hills real estate market had 44 homes for sale in October 2024, a 57.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 77
0.0%
3 1223
+91.7%
4 610
+66.7%
5+ 33
0.0%

Summary: The Hickory Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 91.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

4 Homes Were 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 Hickory Hills, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Hickory Hills in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Hickory Hills, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days56 Days+279.4%

Summary: Homes in Hickory Hills had an average of 56 days on market in Oct 2024, up by 279.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Hickory Hills; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 20 Days Ago

Newest Listings in Hickory Hills, IL

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