How Competitive is the Arlington Heights, IL Housing Market?
Arlington Heights, a city near Chicago, IL, is a highly competitive housing market. About 55% of homes sold above list price in the 3 months ending June 2026, with homes selling at 102% of asking on average.
The National Picture
Across the U.S., 24.6% of homes sold above list price in June 2026. Arlington Heights more than doubles that rate at 55.9%, making it one of the more intense markets in the Chicago metro. The national sale-to-list ratio of 98.3% also pales next to the local 101.5%.
Buyers Face Consistent Pressure Across Price Points
With a 101.5% sale-to-list ratio and 56% of homes selling above asking, Arlington Heights delivers consistent competition across its many housing types. The Central Business District neighborhood (55% sold above, 38 days) moves faster than the city average, while nearby Glenview (103.9% sale-to-list) demands an even steeper premium. Arlington Heights gives buyers a range of options without extreme bidding pressure.
Why is Arlington Heights Highly Competitive?
Arlington Heights is highly competitive because very low months of supply and minimal seller discounts indicate buyers have almost no leverage. At 2.1 months of supply, the market tilts firmly toward sellers. Price drops affect just 14% of active listings, showing most sellers price accurately. The pace remains fast at 41 days, unchanged from a year ago.
Nearby Neighborhoods
| Neighborhood | Sold Above List | Sale-to-List | Days on Market | Off Mkt in 2 Wks |
|---|---|---|---|---|
| Arlington Heights | 55.9% | 101.5% | 41 days | 61.5% |
| Arlington Heights Central Business District | 54.9% | 100.6% | 38 days | 56.4% |
| Schaumburg, IL | 52.2% | 100.6% | 44 days | 61.4% |
| Hoffman Estates, IL | 57.2% | 101.6% | 44 days | 64.8% |
| Elk Grove Village, IL | 53.2% | 100.9% | 45 days | 62.8% |
| Glenview, IL | 59.1% | 103.9% | 36 days | 62.3% |
Limited to neighborhoods with at least 10 home sales in the period.
All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.
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