Altos Market Data for Realtors

Hickory Hills, IL 60457

Single-Family Homes

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Hickory Hills, IL 60457

Mon Sep 16 2024
This week the median list price for Hickory Hills, IL 60457 is $439,450 with the market action index hovering around 46. This is less than last month's market action index of 52. Inventory has increased to 16. Click here to stay informed with the Hickory Hills market!

Market Action Index

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

Strong Seller's Market

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.

Hickory Hills, IL 60457

Mon Sep 16 2024
This week the median list price for Hickory Hills, IL 60457 is $439,450 with the market action index hovering around 46. This is less than last month's market action index of 52. Inventory has increased to 16. Click here to stay informed with the Hickory Hills market!

Market Action Index

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

Strong Seller's Market

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 Hickory Hills market.
Median List Price $439,450
Median Price of New Listings $432,399
Per Square Foot $221
Average Days on Market 55
Median Days on Market 53
Price Decreased 56%
Price Increased 0%
Relisted 25%
Inventory 16
Median Rent
Market Action 46
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$724,999 3,281 0.25 - 0.5 acre 4 3.3 11 0 0 56
$452,449 2,339 0.25 - 0.5 acre 4 2.8 57 2 0 24
$419,000 1,989 - 3 2.3 65 1 0 45
$328,999 1,118 6,500 - 8,000 sqft 3 1.8 58 1 0 66