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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Matteson is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Matteson was a Neutral Market.

Key Takeaway

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

Housing Prices in Matteson, IL

How much do homes in Matteson, IL cost?

Median Sold Price

$246,750

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,512(+7.6%)

Key Takeaway

Homes in Matteson have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Matteson was $246,750 in November 2024, up 7.6% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $148K$176K
+18.9%
2 $179.9K$173.4K
-3.6%
3 $217K$234.9K
+8.2%
4 $277.5K$303K
+9.2%
5+ $415K$347K
-16.4%

Summary: Matteson housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 16.4%.

Median Sold Price Compared To Nearby Cities

Matteson
+7.6%
Olympia Fields
+7.5%
Rich Township
+3.4%
Park Forest
+1.8%
Richton Park
-2.5%

Housing Supply in Matteson, IL

How many homes are available in Matteson, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9493-1.1%

Summary: The Matteson real estate market had 93 homes for sale in November 2024, a 1.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1311
-15.4%
3 4043
+7.5%
4 3632
-11.1%
5+ 57
+40.0%

Summary: The Matteson housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2218-18.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Matteson, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Matteson in November 2024, down by 18.2% month-over-month. Of the 18 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Matteson, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days43 Days+15.3%

Summary: Homes in Matteson had an average of 43 days on market in Nov 2024, up by 15.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 18 homes were sold in Matteson; 50% of homes were sold within 30 days, 33% 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 Matteson, IL

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