Altos Market Data for Realtors

Herscher, IL

Single-Family Homes

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Current active inventory in Herscher, IL is very low. Keep this in mind when looking at this report.

Herscher, IL

Thu Oct 24 2024
This week the median list price for Herscher, IL is $207,400 with the market action index hovering around 43. This is an increase over last month's market action index of 37. Inventory has held steady at or around 2. Click here to stay informed with the Herscher market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Herscher, IL

Thu Oct 24 2024
This week the median list price for Herscher, IL is $207,400 with the market action index hovering around 43. This is an increase over last month's market action index of 37. Inventory has held steady at or around 2. Click here to stay informed with the Herscher market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Herscher market.
Median List Price $207,400
Median Price of New Listings $229,900
Per Square Foot $129
Average Days on Market 21
Median Days on Market 21
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$229,900 1,676 - 3 2 124 1 1 0
$184,900 1,504 - 3 1.5 134 0 0 42