Altos Market Data for Realtors

Broadview, IL 60155

Single-Family Homes

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Broadview, IL 60155

Wed Oct 09 2024
This week the median list price for Broadview, IL 60155 is $252,449 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has decreased to 6. Click here to stay informed with the Broadview 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 off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Broadview, IL 60155

Wed Oct 09 2024
This week the median list price for Broadview, IL 60155 is $252,449 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has decreased to 6. Click here to stay informed with the Broadview 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 off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Broadview market.
Median List Price $252,449
Median Price of New Listings $254,999
Per Square Foot $189
Average Days on Market 144
Median Days on Market 46
Price Decreased 50%
Price Increased 0%
Relisted 50%
Inventory 6
Median Rent
Market Action 63
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$355,000 1,383 4,500 - 6,500 sqft 4 3 46 0 0 28
$265,000 1,534 0 - 4,500 sqft 3 3 85 0 0 679
$252,449 1,177 4,500 - 6,500 sqft 3 1.8 72 1 0 38
$138,450 957 - 3 1.5 90 0 0 38