Altos Market Data for Realtors

Tinley Park, IL 60477

Single-Family Homes

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Tinley Park, IL 60477

Mon Dec 30 2024
This week the median list price for Tinley Park, IL 60477 is $396,700 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has decreased to 35. Click here to stay informed with the Tinley 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Tinley Park, IL 60477

Mon Dec 30 2024
This week the median list price for Tinley Park, IL 60477 is $396,700 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has decreased to 35. Click here to stay informed with the Tinley 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Tinley Park market.
Median List Price $396,700
Median Price of New Listings $428,450
Per Square Foot $196
Average Days on Market 77
Median Days on Market 49
Price Decreased 57%
Price Increased 3%
Relisted 46%
Inventory 35
Median Rent
Market Action 37
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$529,995 2,718 0.25 - 0.5 acre 4 2.5 0 1 1 91
$445,000 2,536 0.25 - 0.5 acre 4 3 36 2 1 49
$379,900 1,750 8,000 - 10,000 sqft 3 2 52 1 2 77
$300,000 1,447 8,000 - 10,000 sqft 3 1.5 65 0 3 49