Altos Market Data for Realtors
Richton Park, IL 60471
Single-Family Homes
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Richton Park, IL 60471
Mon May 20 2024
This week the median list price for Richton Park, IL 60471 is $245,700 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has decreased to 19.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $245,700 | |
| Median Price of New Listings | $134,950 | |
| Per Square Foot | $149 | |
| Average Days on Market | 107 | |
| Median Days on Market | 35 | |
| Price Decreased | 16% | |
| Price Increased | 11% | |
| Relisted | 11% | |
| Inventory | 19 | |
| Median Rent | ||
| Market Action | 60 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $307,350 | 1,892 | 0.25 - 0.5 acre | 3 | 2.5 | 34 | 0 | 0 | 80 |
| $265,000 | 2,000 | 6,500 - 8,000 sqft | 3 | 2 | 42 | 0 | 1 | 21 |
| $199,900 | 1,281 | 6,500 - 8,000 sqft | 3 | 2 | 53 | 1 | 0 | 35 |
| $130,000 | 1,064 | 4,500 - 6,500 sqft | 3 | 1 | 54 | 1 | 0 | 210 |