Karen Pioch

Algonquin, IL

Single-Family Homes

Licensed Realtor, Greater Chicagoland and Lake Summerset Expert



Algonquin, IL

Wed Jul 06 2022
This week the median list price for Algonquin, IL is $476,620 with the market action index hovering around 71. This is less than last month's market action index of 79. Inventory has increased to 33. 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 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.

Algonquin, IL

Wed Jul 06 2022
This week the median list price for Algonquin, IL is $476,620 with the market action index hovering around 71. This is less than last month's market action index of 79. Inventory has increased to 33. 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 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 Algonquin market.
Median List Price $476,620
Median Price of New Listings $489,950
Per Square Foot $169
Average Days on Market 29
Median Days on Market 21
Price Decreased 33%
Price Increased 9%
Relisted 9%
Inventory 33
Median Rent
Market Action 71
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. 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
$562,400 4,307 0.25 - 0.5 acre 4 3.5 20 2 0 17
$497,450 3,109 0.25 - 0.5 acre 5 3.3 27 5 3 0
$439,900 2,120 0.25 - 0.5 acre 3 2.5 10 0 1 28
$359,990 1,459 0.5 - 1 acre 3 2 24 3 4 28