Altos Market Data for Realtors

Richton Park, IL 60471

Single-Family Homes

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Richton Park, IL 60471

Sat Dec 21 2024
This week the median list price for Richton Park, IL 60471 is $232,450 with the market action index hovering around 38. This is less than last month's market action index of 43. Inventory has increased to 24. Click here to stay informed with the Richton Park market!

Market Action Index

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

Slight Seller's Advantage

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.

Richton Park, IL 60471

Sat Dec 21 2024
This week the median list price for Richton Park, IL 60471 is $232,450 with the market action index hovering around 38. This is less than last month's market action index of 43. Inventory has increased to 24. Click here to stay informed with the Richton Park market!

Market Action Index

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

Slight Seller's Advantage

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 Richton Park market.
Median List Price $232,450
Median Price of New Listings $234,900
Per Square Foot $162
Average Days on Market 105
Median Days on Market 70
Price Decreased 42%
Price Increased 8%
Relisted 29%
Inventory 24
Median Rent
Market Action 38
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$350,000 2,400 0.25 - 0.5 acre 4 2.5 21 0 1 115
$274,000 1,450 8,000 - 10,000 sqft 4 2 51 1 0 77
$217,436 1,733 8,000 - 10,000 sqft 3 2 49 0 1 35
$167,450 1,073 0.25 - 0.5 acre 3 1 58 0 1 59