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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orland Hills is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Orland Hills, IL

How much do homes in Orland Hills, IL cost?

Median Sold Price

$315,000

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,000(+16.7%)

Key Takeaway

Homes in Orland Hills have sold for 16.7% more than they did a year ago.

Summary: The median home sold price in Orland Hills was $315,000 in November 2024, up 16.7% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $219.2K$248K
+13.1%
3 $290K$315K
+8.6%
4 $242.5K$355K
+46.4%
5+ $280K$340K
+21.4%

Summary: Orland Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 46.4%, and 5+ bedroom homes increased by 21.4%.

Median Sold Price Compared To Nearby Cities

Orland Hills
+16.7%
Tinley Park
+6.3%
Orland Township
+5.9%
Orland Park
+4.6%

Housing Supply in Orland Hills, IL

How many homes are available in Orland Hills, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1713-23.5%

Summary: The Orland Hills real estate market had 13 homes for sale in November 2024, a 23.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 118
-27.3%
4 43
-25.0%
5+ 00
0.0%

Summary: The Orland Hills 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 remained the same, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orland 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 3 homes were sold or pending in Orland Hills in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Orland Hills, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days40 Days+197.6%

Summary: Homes in Orland Hills had an average of 40 days on market in Nov 2024, up by 197.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Orland Hills has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Orland Hills; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

Newest Listings in Orland Hills, IL

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