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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Matteson, IL Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Matteson, IL Housing Market Trends

With 18,439 people, 7,547 houses or apartments, and a median cost of homes of $376,071, Matteson real estate is some of the most expensive in Illinois, although Matteson home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Matteson, accounting for 68.82% of the village's housing units. Other types of housing that are prevalent in Matteson include large apartment complexes or high rise apartments ( 11.14%), row houses and other attached homes ( 7.57%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.17%).

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 75.69% of Matteson's homes, and 78.06% have either three or four bedrooms, which is average sized relative to America.

Matteson homes and real estate are some of the newest in America. 43.01% of Matteson's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Matteson real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.14%), and between 1940-1969 ( 14.00%). There's also some housing in Matteson built before 1939 ( 1.85%).

Matteson Home Appreciation Rates

Appreciation rates for homes in Matteson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.73%, which ranks in the top 40% nationwide. This equates to an annual average Matteson house appreciation rate of 6.73%.

Over the last year, Matteson appreciation rates have trailed the rest of the nation. In the last twelve months, Matteson's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Matteson were at 0.21%, which equates to an annual appreciation rate of 0.86%.

Relative to Illinois, our data show that Matteson's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$376,071

Matteson, IL Home Prices
> $1,387,000
$1,040,001 - $1,387,000
$693,001 - $1,040,000
$555,001 - $693,000
$416,001 - $555,000
$277,001 - $416,000
$139,001 - $277,000
$69,001 - $139,000
$0 - $69,000
0.9%
0.9%
0.0%
0.0%
0.0%
0.0%
5.6%
5.6%
19.7%
19.7%
31.5%
31.5%
31.9%
31.9%
6.2%
6.2%
4.1%
4.1%
0% 100.0%
% of Homes
Very High

for Illinois

High

for nation

Number of Homes And Apartments:

7,547

Matteson Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,112 / per month

Homeownership Rate

Owners
Renters
75.7%
75.7%
24.3%
24.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.7%
3.7%
96.3%
96.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
43.0%
43.0%
41.1%
41.1%
14.0%
14.0%
1.9%
1.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.8%
68.8%
7.6%
7.6%
7.2%
7.2%
11.1%
11.1%
5.3%
5.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
5.8%
5.8%
11.8%
11.8%
45.7%
45.7%
32.4%
32.4%
4.3%
4.3%
0% 100.0%
% of Homes