Altos Market Data for Realtors

New Lenox, IL

Single-Family Homes

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New Lenox, IL

Wed Oct 20 2021
This week the median list price for New Lenox, IL is $399,900 with the market action index hovering around 54. This is less than last month's market action index of 59. Inventory has increased to 63. Click here to stay informed with the New Lenox market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

New Lenox, IL

Wed Oct 20 2021
This week the median list price for New Lenox, IL is $399,900 with the market action index hovering around 54. This is less than last month's market action index of 59. Inventory has increased to 63. Click here to stay informed with the New Lenox market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the New Lenox market.
Median List Price $399,900
Median Price of New Listings $358,501
Per Square Foot $165
Average Days on Market 76
Median Days on Market 35
Price Decreased 41%
Price Increased 5%
Relisted 21%
Inventory 63
Median Rent $1,925
Market Action 54
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$889,900 5,250 1 - 2.5 acres 5 4 20 1 1 98
$448,654 2,646 0.25 - 0.5 acre 4 2 17 3 3 28
$356,700 2,174 0.25 - 0.5 acre 4 2 23 5 3 7
$249,949 1,546 0.25 - 0.5 acre 3 1 58 4 3 52