Altos Market Data for Realtors

Summit Argo, IL 60501

Single-Family Homes

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Summit Argo, IL 60501

Mon Jul 27 2026
This week the median list price for Summit Argo, IL 60501 is $354,900 with the market action index hovering around 48. This is less than last month's market action index of 52. Inventory has increased to 11. 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

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.

Summit Argo, IL 60501

Mon Jul 27 2026
This week the median list price for Summit Argo, IL 60501 is $354,900 with the market action index hovering around 48. This is less than last month's market action index of 52. Inventory has increased to 11. 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

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 Summit Argo market.
Median List Price $354,900
Median Price of New Listings $379,900
Per Square Foot $219
Average Days on Market 48
Median Days on Market 35
Price Decreased 18%
Price Increased 0%
Relisted 18%
Inventory 11
Median Rent
Market Action 48
Strong Seller's Market

We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$499,000 2,500 - 4 2.5 0 0 1 56
$379,000 1,144 - 4 2 54 1 0 7
$260,000 1,311 0 - 4,500 sqft 3 2 65 0 0 77
$234,900 1,051 0 - 4,500 sqft 3 1.3 111 0 0 21