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 buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

South Holland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in South Holland, IL

How much do homes in South Holland, IL cost?

Median Sold Price

$235,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+6.8%)

Key Takeaway

Homes in South Holland have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in South Holland was $235,000 in November 2024, up 6.8% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $100K$140K
+40.0%
2 $159.9K$135K
-15.6%
3 $215K$227.5K
+5.8%
4 $235K$275K
+17.0%
5+ $292.5K$264.9K
-9.4%

Summary: South Holland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 15.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 17%, and 5+ bedroom homes decreased by 9.4%.

Median Sold Price Compared To Nearby Cities

Thornton
+24.2%
Thornton Township
+10.1%
South Holland
+6.8%
Dolton
+3.4%

Housing Supply in South Holland, IL

How many homes are available in South Holland, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
120134+11.7%

Summary: The South Holland real estate market had 134 homes for sale in November 2024, a 11.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 8591
+7.1%
4 2836
+28.6%
5+ 23
+50.0%

Summary: The South Holland 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 20%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2113-38.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Holland, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in South Holland in November 2024, down by 38.1% month-over-month. Of the 13 sold homes, 15% were sold under asking, 46% were sold at asking, and 38% 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

Nov 2023Nov 2024CHANGE
41 Days37 Days-10.1%

Summary: Homes in South Holland had an average of 37 days on market in Nov 2024, down by 10.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 13 homes were sold in South Holland; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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

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