Altos Market Data for Realtors

Tinley Park, IL

Single-Family Homes

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Tinley Park, IL

Wed Oct 20 2021
This week the median list price for Tinley Park, IL is $299,900 with the market action index hovering around 66. This is less than last month's market action index of 72. Inventory has decreased to 40. Click here to stay informed with the Tinley Park market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Tinley Park, IL

Wed Oct 20 2021
This week the median list price for Tinley Park, IL is $299,900 with the market action index hovering around 66. This is less than last month's market action index of 72. Inventory has decreased to 40. Click here to stay informed with the Tinley Park market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Tinley Park market.
Median List Price $299,900
Median Price of New Listings $299,900
Per Square Foot $191
Average Days on Market 49
Median Days on Market 35
Price Decreased 50%
Price Increased 0%
Relisted 20%
Inventory 40
Median Rent $1,999
Market Action 66
Strong Seller's Market

The market seems to have paused around this plateau. 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
$472,450 3,267 0.25 - 0.5 acre 4 2 25 2 4 28
$329,950 1,569 0.25 - 0.5 acre 3 2 50 1 3 66
$282,450 1,317 6,500 - 8,000 sqft 3 2 46 3 1 21
$224,950 1,050 8,000 - 10,000 sqft 3 1 66 1 5 38