Is Rolling Meadows, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rolling Meadows is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Rolling Meadows has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Rolling Meadows, IL

How much do homes in Rolling Meadows, IL cost?

Median Sold Price

$315,000

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,666(+14.4%)

Key Takeaway

Homes in Rolling Meadows have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in Rolling Meadows was $315,000 in October 2024, up 14.4% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $143.5K$158.5K
+10.5%
2 $214.5K$267K
+24.5%
3 $305K$350K
+14.8%
4 $430K$449K
+4.4%
5+ $539.2K$650K
+20.5%

Summary: Rolling Meadows housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 20.5%.

Median Sold Price Compared To Nearby Cities

Rolling Meadows
+14.4%
Palatine Township
+9.3%
Palatine
+7.5%
Arlington Heights
+6.1%
Schaumburg
+4.2%

Housing Supply in Rolling Meadows, IL

How many homes are available in Rolling Meadows, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7889+14.1%

Summary: The Rolling Meadows real estate market had 89 homes for sale in October 2024, a 14.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 69
+50.0%
2 3540
+14.3%
3 2223
+4.5%
4 1417
+21.4%
5+ 10
-100.0%

Summary: The Rolling Meadows housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2724-11.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rolling Meadows, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Rolling Meadows in October 2024, down by 11.1% month-over-month. Of the 24 sold homes, 46% were sold under asking, 13% were sold at asking, and 42% were sold over asking.

Days on Market for Rolling Meadows, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days15 Days-9.6%

Summary: Homes in Rolling Meadows had an average of 15 days on market in Oct 2024, down by 9.6% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 24 homes were sold in Rolling Meadows; 88% of homes were sold within 30 days, 13% 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 16 Days Ago

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