Tracey Velt's Market Report
Will County, IL
Single-Family Homes
HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498
Will County, IL
Sat Jul 27 2024
This week the median list price for Will County, IL is $459,900 with the market action index hovering around 61. This is less than last month's market action index of 62. Inventory has held steady at or around 796.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Real-Time Market Profile
| Median List Price | $459,900 | |
| Median Price of New Listings | $419,000 | |
| Per Square Foot | $194 | |
| Average Days on Market | 65 | |
| Median Days on Market | 28 | |
| Price Decreased | 24% | |
| Price Increased | 5% | |
| Relisted | 18% | |
| Inventory | 796 | |
| Median Rent | ||
| Market Action | 61 | |
| Strong Seller's Market | ||
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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 |
|---|---|---|---|---|---|---|---|---|
| $774,900 | 3,433 | 0.5 - 1 acre | 4 | 3.5 | 20 | 30 | 27 | 35 |
| $519,000 | 2,600 | 0.25 - 0.5 acre | 4 | 2.5 | 19 | 35 | 25 | 28 |
| $399,995 | 2,208 | 0.25 - 0.5 acre | 4 | 2.5 | 22 | 49 | 29 | 21 |
| $270,000 | 1,561 | 0.25 - 0.5 acre | 3 | 2 | 57 | 55 | 58 | 21 |