Karen Pioch

Algonquin, IL

Single-Family Homes

Licensed Realtor, Greater Chicagoland and Lake Summerset Expert



Algonquin, IL

Mon Jan 17 2022
This week the median list price for Algonquin, IL is $319,500 with the market action index hovering around 57. This is about the same as last month's market action index of 57. Inventory has decreased to 20. Click here to stay informed with the Algonquin 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. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Algonquin, IL

Mon Jan 17 2022
This week the median list price for Algonquin, IL is $319,500 with the market action index hovering around 57. This is about the same as last month's market action index of 57. Inventory has decreased to 20. Click here to stay informed with the Algonquin 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. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Algonquin market.
Median List Price $319,500
Median Price of New Listings $324,450
Per Square Foot $146
Average Days on Market 76
Median Days on Market 35
Price Decreased 45%
Price Increased 0%
Relisted 5%
Inventory 20
Median Rent $2,700
Market Action 57
Strong Seller's Market

The market appears to be hovering around this plateau. This week prices eased down a bit. 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
$495,000 2,935 0.25 - 0.5 acre 5 3 64 0 1 63
$359,900 2,543 0.25 - 0.5 acre 4 2.5 29 1 2 21
$279,900 1,576 8,000 - 10,000 sqft 3 2 44 1 1 35
$169,900 1,060 8,000 - 10,000 sqft 3 1 85 0 0 35