Altos Market Data for Realtors

Bellwood, IL 60104

Single-Family Homes

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Bellwood, IL 60104

Sun Sep 15 2024
This week the median list price for Bellwood, IL 60104 is $259,900 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has increased to 25. Click here to stay informed with the Bellwood market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Bellwood, IL 60104

Sun Sep 15 2024
This week the median list price for Bellwood, IL 60104 is $259,900 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has increased to 25. Click here to stay informed with the Bellwood market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Bellwood market.
Median List Price $259,900
Median Price of New Listings $199,900
Per Square Foot $198
Average Days on Market 55
Median Days on Market 35
Price Decreased 36%
Price Increased 0%
Relisted 20%
Inventory 25
Median Rent
Market Action 44
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift 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
$334,950 1,916 4,500 - 6,500 sqft 4 2.3 65 0 0 119
$264,900 1,175 4,500 - 6,500 sqft 3 1.5 79 1 2 28
$229,850 1,040 0 - 4,500 sqft 2 1.5 70 1 1 38
$169,500 1,106 4,500 - 6,500 sqft 2 1.5 89 3 1 14