Is South Holland, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Holland is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, South Holland was a Seller's Market.

Key Takeaway

South Holland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in South Holland, IL

How much do homes in South Holland, IL cost?

Median Sold Price

$233,450

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$13,450(+6.1%)

Key Takeaway

Homes in South Holland have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in South Holland was $233,450 in December 2024, up 6.1% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $100K$140K
+40.0%
2 $165K$127.7K
-22.6%
3 $215K$227.5K
+5.8%
4 $235K$275K
+17.0%
5+ $300K$264.9K
-11.7%

Summary: South Holland housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 22.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 17%, and 5+ bedroom homes decreased by 11.7%.

Median Sold Price Compared To Nearby Cities

Thornton Township
+9.8%
South Holland
+6.1%
Dolton
+4.4%
Phoenix
+2.9%

Housing Supply in South Holland, IL

How many homes are available in South Holland, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
124139+12.1%

Summary: The South Holland real estate market had 139 homes for sale in December 2024, a 12.1% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 8386
+3.6%
4 3542
+20.0%
5+ 36
+100.0%

Summary: The South Holland housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1420+42.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Holland, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in South Holland in December 2024, up by 42.9% month-over-month. Of the 20 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.

Days on Market for South Holland, IL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
28 Days29 Days+5.6%

Summary: Homes in South Holland had an average of 29 days on market in Dec 2024, up by 5.6% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 20 homes were sold in South Holland; 60% of homes were sold within 30 days, 40% 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 4 Days Ago

Newest Listings in South Holland, IL

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