Orland Hills Housing Update: Prices Ease, Homes Moving Faster
Orland Hills, IL – March 7, 2026 – Home prices dipped year over year while days on market fell sharply, with rents holding steady into late winter.
Orland Hills, IL – March 7, 2026
Top takeaways
- Median sale price around $230K in January, down 3.4% year over year.
- Homes selling much faster, averaging about 50 days on market.
- Average apartment rent near $1,328/month, up modestly from last year.
Market snapshot
The local housing market remains somewhat competitive, even as prices have softened compared with a year ago. In January 2026, the median sale price was about $230,000, reflecting a 3.4% decline year over year. While values eased, the pace of sales accelerated significantly.
Homes averaged roughly 50 days on market, a sharp improvement from well over 100 days during the same period last year. That shift suggests buyers are moving more decisively when well-priced properties become available. Sales activity, however, remains relatively light, with only a handful of closings reported for the month.
Recent trends indicate homes typically sell slightly below list price on average. Still, properties that are updated and priced appropriately can attract strong interest and move quickly.
What’s for sale
Active listings span a mix of attached townhomes, condos, and single-family homes. Entry-level attached properties are commonly found in the low-to-mid $200Ks, offering options for buyers seeking lower maintenance living. Larger detached homes are often listed in the $300Ks.
Realtor.com data shows a median listing price in the mid-$300Ks. That figure sits above the most recent median sale price, highlighting a gap between seller expectations and closed transactions. Limited inventory continues to shape the market, particularly for updated homes with three bedrooms or more.
Rental trends
For renters, pricing has remained relatively stable. The average apartment rent is about $1,328 per month as of February, up roughly 2% from a year earlier. While that represents a modest annual increase, it suggests steady demand heading into late winter.
Single-family rental homes, especially three-bedroom properties, typically command higher monthly rates than apartments. Demand for additional space in the southwest suburbs continues to support rental pricing, even as for-sale prices have edged down year over year.