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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 18,439 people, 7,547 houses or apartments, and a median cost of homes of $389,117, 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%).
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 95.25%, which ranks in the top 50% nationwide. This equates to an annual average Matteson house appreciation rate of 6.92%.
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 4.80%, 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 2.79%, which equates to an annual appreciation rate of 11.63%.
Relative to Illinois, our data show that Matteson's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.
$389,117
for Illinois
for nation
7,547
$3,274 / per month