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Featured local agent — Matteson, IL
Sarah Mitchell
Compass Real Estate · Matteson, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Matteson, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$260,000median sale price
How is the Matteson, IL housing market right now?
The median home sale price in Matteson, IL is $260,000, up 13.0% year-over-year. Homes sell in an average of 64 days with 80 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Matteson a buyer's or seller's market?
Matteson, IL is currently a leaning buyer's, based on 4.2 months of supply and homes selling in about 64 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
64
Average pace
Active listings
80
4.2 months supply
Sale-to-list
97.7%
Below asking
What does the Matteson housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $260,000 |
| Median list price | $299,450 |
| Year-over-year price change | +13.0% |
| Average days on market | 64 days |
| Active inventory | 80 listings |
| Months of supply | 4.2 months |
| Sale-to-list price ratio | 97.7% |
| Median price per sq ft | $153/sq ft |
| Homes sold (latest month) | 19 |
| New listings (latest month) | 26 |
| Listings with a price cut | 16.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Matteson by property type?
How the Matteson, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $262,500 | $159/sq ft | 18 | 70 days |
| Condo / Co-op | $115,000 | $94/sq ft | 1 | 49 days |
| Townhouse | $252,500 | $152/sq ft | 2 | 54 days |
Source: Redfin · Updated monthly
The Matteson housing market is currently classified as a leaning buyer's with a median sale price of $260,000. Prices have risen 13.0% compared to last year, with homes spending an average of 64 days on market, indicating 4.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.8x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Matteson
There are currently 80 homes listed for sale in Matteson, Illinois. The median listing price is $299K.
Active listings
80
Homes on market
Median list price
$299K
Avg. days on market
64
Days until sale
New this week
26
Newly listed
Who lives in Matteson?
Population
18,681
Median income
$98,617/yr
Median age
44.2 years
Owner-occupied
77.0%
College grads
40.2%
Avg commute
35.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Matteson?
Zillow home value
$271,517
Zillow rent index
$2,674/mo
Price-to-rent ratio
8.5x
Price-to-income
2.8x
Source: Zillow Research
What is it like to live in Matteson?
Matteson is a community of approximately 19K residents with a median age of 44.2 years.The median household income is $98,617, which reflects a relatively affluent area with strong earning potential. 40.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 77.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 35.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Matteson offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Matteson?
6 schools tracked · 2,173 students
The largest public schools serving Matteson, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Colin Powell Middle Sch
Grades 6-8 · 571 students
Matteson Elem School
Grades K-3 · 404 students
O W Huth Middle School
Grades 7-8 · 393 students
Woodgate Elem School
Grades PK-5 · 302 students
Marya Yates Elementary School
Grades K-5 · 265 students
Sieden Prairie Elementary School
Grades K-5 · 238 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Matteson, IL?
Want a head-to-head view? Compare Matteson side-by-side with any other U.S. city using our market-comparison tool.
Is Matteson a good real estate investment market?
For investors evaluating Matteson, the price-to-rent ratio of 8.5x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 13.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Matteson's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Matteson's median home price.
Frequently asked questions
What is the average home price in Matteson?
The median home sale price in Matteson is $260,000, up 13.0% from last year.
How long do homes stay on market in Matteson?
Homes typically spend 64 days on market before going under contract.
What is the median income in Matteson?
The median household income is $98,617 per year.
Is Matteson a buyer's or seller's market?
With 4.2 months of supply, Matteson is currently a leaning buyer's.
What is the Zillow home value estimate for Matteson?
The Zillow Home Value Index (ZHVI) for Matteson is $271,517, representing the typical home value in the area.
What is the median condo price in Matteson?
The median condo/co-op sale price in Matteson, IL is $115,000, compared to $262,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Matteson?
The median single-family home price in Matteson, IL is $262,500 (about $159 per square foot).
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