Arlington Heights Real Estate Market Update May 2018


Real Estate In Arlington Heights is a balanced market favoring buyers. There is significant amount of homes for sale in Arlington Heights, and buyers are not in a rush to buy yet. There is a 6.2 months supply of inventory on the market in Arlington Heights on May 31, 2018.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Arlington Heights last month was 33 days.
It took on average 37 days to sell Arlington Heights Condo, Townhouse or a Duplex.
The number of home sales in Arlington Heights from April 1, 2018 through April 30, 2018 was 136 units. That is 1% above the number of homes sold last month in Arlington Heights.

The average price per square foot in the area is now $169/Sq.Ft, which is 10% an increase from last month.



In Arlington Heights there were 31 units sold in April in the price range between $88,000 – $222,516 with an average of 1.7 bedrooms and 1.5 bathrooms and average Square footage of 1,075SF.

In Arlington Heights there were 93 units sold in April in the price range between $222,517 – $651,510 with an average of 3.4 bedrooms and 2.1 bathrooms and average Square footage of 1,929SF.

In Arlington Heights there were 12 units sold in April in the price range between $651,511 – $945,990 with an average of 4.3 bedrooms and 3.8 bathrooms and average Square footage of 3,561SF.

The low price range had the most activity. Homes up to $222,516 were on the market on average 32 days and sold an average of $147,158.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Arlington Heights. Search all Arlington Heights homes for Sale on propertyup.com If you are considering viewing Arlington Heights, you may want to do so now!

Arlington Heights
Mar 1, 2018 – Mar 31, 2018
Apr 1, 2018 – Apr 30, 2018
Month
March
April
Average Listing Price
$391,472
$392,224
Median Sales Price
$325,675
$357,031
Month supply of inventory
5.6
6.2
Market Time Detached
41 days
33 days
Market Time Attached
44 days
37 days
Inventory
659 properties
727 properties
Low price range
$89,000 – $207,338
$88,000 – $222,516
Low price range market time
40 days
32 days
Low price range units sold
0
31
Low price range bedrooms
1.8
1.7
Low price range bathrooms
1.4
1.5
Low price range approx sqft
1,130 SF
1,075 SF
Mid price range
$207,339 – $557,787
$222,517 – $651,510
Mid price range market time
42 days
33 days
Mid price range units sold
54
93
Mid price range bedrooms
3.3
3.4
Mid price range bathrooms
2
2.1
Mid price range approx sqft
1,836 SF
1,929 SF
High price range
$557,788 – $789,900
$651,511 – $945,990
High price range market time
49 days
58 days
High price range units sold
8
12
High price range bedrooms
4.4
4.3
High price range bathrooms
3
3.8
High price range approxsqft
3,080 SF
3,561 SF

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source http://realestatevibe.com/arlington-heights-real-estate-market-update-May-2018/

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