Is Markham, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Markham has remained a Seller's Market.
Housing Prices in Markham, IL
How much do homes in Markham, IL cost?
Median Sold Price
$163,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Markham was $163,000 in May 2024, up 16.4% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $86.5K | $137.5K | +59.0% |
3 Bedrooms | $129K | $150K | +16.3% |
4 Bedrooms | $167K | $179.3K | +7.4% |
5+ Bedrooms | $169K | $188.7K | +11.7% |
Summary: Markham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 59%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
Markham | $140K | $163K | +16.4% |
Hazel Crest | $155K | $180K | +16.1% |
Posen | $176K | $185K | +5.1% |
Bremen Township | $210K | $220.1K | +4.8% |
Harvey | $114.9K | $120K | +4.4% |
Housing Supply in Markham, IL
How many homes are available in Markham, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 68 | -5.6% |
Summary: The Markham real estate market had 68 homes for sale in May 2024, a 5.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 50 | 45 | -10.0% |
4 Bedrooms | 16 | 15 | -6.3% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Markham housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Markham in May 2024, down by 7.1% month-over-month. Of the 13 sold homes, 15% were sold under asking, 31% were sold at asking, and 54% were sold over asking.
Days on Market for Markham, IL
How long does it take to sell a home in Markham, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 26 Days | -54.5% |
Summary: Homes in Markham had an average of 26 days on market in May 2024, down by 54.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Markham; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.