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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillside is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Hillside, IL

How much do homes in Hillside, IL cost?

Median Sold Price

$264,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,050(+5.6%)

Key Takeaway

Homes in Hillside have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Hillside was $264,000 in May 2024, up 5.6% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $100K$133.5K
+33.5%
2 $157K$242.4K
+54.4%
3 $260.1K$276.5K
+6.3%
4 $330K$315K
-4.5%
5+ $332.5K$387.6K
+16.6%

Summary: Hillside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.5%, 2 bedroom homes increased by 54.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 16.6%.

Median Sold Price Compared To Nearby Cities

Westchester
+7.9%
Hillside
+5.6%
Proviso Township
+5.5%
Bellwood
+1.3%
Berkeley
-4.6%

Housing Supply in Hillside, IL

How many homes are available in Hillside, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2017-15.0%

Summary: The Hillside real estate market had 17 homes for sale in May 2024, a 15.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1310
-23.1%
4 44
0.0%
5+ 01
+100.0%

Summary: The Hillside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 5 homes were sold or pending in Hillside in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Hillside, IL

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

Average Sale Time

May 2023May 2024CHANGE
20 Days36 Days+79.4%

Summary: Homes in Hillside had an average of 36 days on market in May 2024, up by 79.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 5 homes were sold in Hillside; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 1 Day Ago

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