Altos Market Data for Realtors

Summit Argo, IL 60501

Single-Family Homes

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Summit Argo, IL 60501

Mon Sep 21 2026
This week the median list price for Summit Argo, IL 60501 is $474,900 with the market action index hovering around 45. This is an increase over last month's market action index of 40. Inventory has decreased to 7. Click here to stay informed with the Summit Argo market!

Market Action Index

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

Strong Seller's Market

Market Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Summit Argo, IL 60501

Mon Sep 21 2026
This week the median list price for Summit Argo, IL 60501 is $474,900 with the market action index hovering around 45. This is an increase over last month's market action index of 40. Inventory has decreased to 7. Click here to stay informed with the Summit Argo market!

Market Action Index

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

Strong Seller's Market

Market Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Summit Argo market.
Median List Price $474,900
Median Price of New Listings $320,000
Per Square Foot $203
Average Days on Market 45
Median Days on Market 35
Price Decreased 29%
Price Increased 0%
Relisted 29%
Inventory 7
Median Rent
Market Action 45
Strong Seller's Market

While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.

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
$504,000 2,778 - 4 2.8 0 0 1 87
$477,400 2,193 4,500 - 6,500 sqft 4 2.5 59 0 0 31
$404,000 1,649 - 4 3.3 108 0 0 38
$320,000 1,128 - 3 1 67 1 0 0