Altos Market Data for Realtors

Grayslake, IL

Single-Family Homes

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Grayslake, IL

Sun Jul 14 2024
This week the median list price for Grayslake, IL is $314,950 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has increased to 42. Click here to stay informed with the Grayslake market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Grayslake, IL

Sun Jul 14 2024
This week the median list price for Grayslake, IL is $314,950 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has increased to 42. Click here to stay informed with the Grayslake market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Grayslake market.
Median List Price $314,950
Median Price of New Listings $339,900
Per Square Foot $179
Average Days on Market 47
Median Days on Market 28
Price Decreased 36%
Price Increased 2%
Relisted 5%
Inventory 42
Median Rent
Market Action 52
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$584,450 2,812 0.5 - 1 acre 4 2.5 10 1 1 77
$417,450 2,261 0.25 - 0.5 acre 4 2.5 30 3 4 10
$269,900 1,632 8,000 - 10,000 sqft 3 2 46 3 1 28
$170,000 1,624 - 2 2 29 0 1 28