Real estate in Northern IL is normally seasonal and things start to slow down right after the school year starts. So it's always interesting to me to see how many homes are up for sale in the towns I work in. Today, there are 207 Tinley Park homes for sale. Prices start at $95,000 and go as high as $825,000, showing that there is something for everyone in Tinley Park.
To break it down a bit, 23 of those homes are in contingent status, meaning they have an accepted offer and are waiting to close. These are still considered active listings even though showing appointments are usually stopped once an offer is accepted.
There are 12 pending listings that are not part of the active listing count. Pending listings usually already have the closing date set, although some agents enter a listing as pending as soon as an offer is accepted.
There are five new listings and one has been reactivated. Out of the five new listings, 3 are truly new listings. The other two have been listed before and have been assigned new MLS numbers.
There is also a reactivated listing. It looks like there was an accepted offer that did not go through. There are many reasons an offer could fall apart. It could be inspection issues or problems with buyer financing.
And we are seeing price changes on a daily basis in all areas. Today there are 10 Tinley Park homes that have reduced their list prices.
So, if you do the math, there are 207 homes up for sale. Out of that figure, there are 23 homes that have accepted offers, a little more than 10%, leaving 184 homes still available for sale. That's a lot of inventory available for the few buyers that are currently looking to purchase a Tinley Park home. And most buyers look in multiple areas, so we're not even counting all of that inventory.
Buyers have a lot to choose from and interest rates are great. If you'd like to view any Tinley Park homes give Judy Orr a call at 708-536-8200 or use her Contact Form.
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