Karen Pioch

Algonquin, IL

Single-Family Homes

Licensed Realtor, Greater Chicagoland and Lake Summerset Expert



Algonquin, IL

Tue Sep 28 2021
This week the median list price for Algonquin, IL is $372,877 with the market action index hovering around 67. This is about the same as last month's market action index of 67. Inventory has decreased to 34. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Algonquin, IL

Tue Sep 28 2021
This week the median list price for Algonquin, IL is $372,877 with the market action index hovering around 67. This is about the same as last month's market action index of 67. Inventory has decreased to 34. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Algonquin market.
Median List Price $372,877
Median Price of New Listings $340,900
Per Square Foot $150
Average Days on Market 61
Median Days on Market 35
Price Decreased 56%
Price Increased 6%
Relisted 18%
Inventory 34
Median Rent $1,800
Market Action 67
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$469,700 3,162 0.25 - 0.5 acre 4 3 21 1 0 42
$409,727 2,626 0.25 - 0.5 acre 3 2 29 0 2 28
$349,000 2,464 0.25 - 0.5 acre 4 2 36 3 6 14
$257,000 1,500 0.25 - 0.5 acre 3 2 37 1 2 63