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 seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Hickory Hills, IL

How much do homes in Hickory Hills, IL cost?

Median Sold Price

$326,500

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,500(+7.0%)

Key Takeaway

Homes in Hickory Hills have sold for 7% more than they did a year ago.

Summary: The median home sold price in Hickory Hills was $326,500 in November 2024, up 7% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $111.5K$126K
+13.0%
2 $180K$193K
+7.2%
3 $322.5K$345K
+7.0%
4 $355K$395K
+11.3%
5+ $398K$545K
+36.9%

Summary: Hickory Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 36.9%.

Median Sold Price Compared To Nearby Cities

Palos Hills
+25.2%
Palos Township
+16.2%
Justice
+9.0%
Hickory Hills
+7.0%
Bridgeview
+3.8%

Housing Supply in Hickory Hills, IL

How many homes are available in Hickory Hills, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3946+17.9%

Summary: The Hickory Hills real estate market had 46 homes for sale in November 2024, a 17.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 79
+28.6%
3 2024
+20.0%
4 99
0.0%
5+ 33
0.0%

Summary: The Hickory Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
610+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hickory Hills, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Hickory Hills in November 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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

Nov 2023Nov 2024CHANGE
35 Days85 Days+142.0%

Summary: Homes in Hickory Hills had an average of 85 days on market in Nov 2024, up by 142% compared to last year.

Breakdown of Home Sale Times

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

Summary: During November 2024, 10 homes were sold in Hickory Hills; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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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