Matteson, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Matteson Neighborhoods Since 2000




Matteson, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Matteson Housing Market Information

With 19,195 people, 6,448 houses or apartments, and a median cost of homes of $179,868, Matteson real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Matteson, accounting for 76.62% of the village's housing units. Other types of housing that are prevalent in Matteson include large apartment complexes or high rise apartments ( 9.04%), row houses and other attached homes ( 6.57%), and a few mobile homes or trailers ( 5.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Matteson. Owner-occupied housing accounts for 81.41% of Matteson's homes, and 70.34% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Matteson built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Matteson built between 2000 and later ( 29.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.77%). There's also some housing in Matteson built before 1939 ( 3.44%).

Matteson Home Appreciation Rates

Homes have actually lost value in Matteson over the last then years, as home values have seen a decline of 30.56% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Matteson home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, Matteson's appreciation rate, at 3.56%, has been at or slightly above the national average. In the latest quarter, Matteson's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Matteson's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$179,868

Matteson, IL HOME PRICES

Value Range
> $1,049,000 0.0
$787,001 - $1,049,000 0.1
$524,001 - $787,000 0.0
$420,001 - $524,000 1.3
$315,001 - $420,000 9.7
$210,001 - $315,000 20.7
$105,001 - $210,000 47.7
$52,001 - $105,000 14.7
$0 - $52,000 5.8

High for IL
High for Nation

Value Relative to Nation Value Relative to State
38.2339153873198 30.0

Number Of Homes And Apartments:
6,448

Matteson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-0.51% -0.03% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,287 / per month

Homeownership Rate

Homeownership
Owners 81.41
Renters 18.59
Vacant 8.32

Housing Market Details

 

Age of Homes

AGE OF Matteson HOMES
2000 or Newer 29.9
1970 - 1999 45.8
1940 - 1969 20.8
1939 or Older 3.4

Types of Homes

TYPE OF Matteson HOMES
Single-Family 76.6
Townhomes 6.6
Small Apt. Buildings 2.7
Apt. Complexes 9.0
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Matteson HOMES
No Bedroom 1.88
1 Bedroom 1.79
2 Bedrooms 18.65
3 Bedrooms 43.03
4 Bedrooms 27.31
5 or more bedrooms 7.34