Altos Market Data for Realtors
Tinley Park, IL 60477
Single-Family Homes
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Tinley Park, IL 60477
Mon May 20 2024
This week the median list price for Tinley Park, IL 60477 is $473,990 with the market action index hovering around 68. This is an increase over last month's market action index of 65. Inventory has held steady at or around 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $473,990 | |
| Median Price of New Listings | $515,000 | |
| Per Square Foot | $209 | |
| Average Days on Market | 50 | |
| Median Days on Market | 42 | |
| Price Decreased | 53% | |
| Price Increased | 47% | |
| Relisted | 47% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 68 | |
| Strong Seller's Market | ||
Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
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 |
|---|---|---|---|---|---|---|---|---|
| $544,990 | 2,600 | - | 4 | 2.5 | 0 | 0 | 0 | 77 |
| $515,995 | 2,710 | 0.25 - 0.5 acre | 4 | 2.5 | 18 | 2 | 0 | 10 |
| $456,995 | 2,085 | 0.25 - 0.5 acre | 3 | 2.5 | 16 | 0 | 0 | 21 |
| $364,950 | 1,900 | 0.25 - 0.5 acre | 3 | 2 | 67 | 1 | 5 | 70 |