Altos Market Data for Realtors

Tinley Park, IL 60477

Single-Family Homes

Schedule a demo today at AltosResearch.com


Tinley Park, IL 60477

Wed Oct 09 2024
This week the median list price for Tinley Park, IL 60477 is $412,400 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has decreased to 42. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Tinley Park, IL 60477

Wed Oct 09 2024
This week the median list price for Tinley Park, IL 60477 is $412,400 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has decreased to 42. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 Tinley Park market.
Median List Price $412,400
Median Price of New Listings $299,900
Per Square Foot $198
Average Days on Market 68
Median Days on Market 56
Price Decreased 52%
Price Increased 5%
Relisted 33%
Inventory 42
Median Rent
Market Action 42
Slight Seller's Advantage

We continue to see prices in this zip code at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index (up or down) before we see prices significantly 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
$549,945 2,887 0.25 - 0.5 acre 4 2.8 34 0 1 73
$479,945 2,568 0.25 - 0.5 acre 4 2.5 14 0 0 91
$374,900 1,700 8,000 - 10,000 sqft 3 2 53 1 0 42
$339,900 1,562 6,500 - 8,000 sqft 4 2 53 2 3 35