Des Plaines, IL 60016

Altos Market Data for Realtors

Des Plaines, IL 60016

Single-Family Homes

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Wed Apr 30 2025
This week the median list price for Des Plaines, IL 60016 is $500,000 with the market action index hovering around 71. This is an increase over last month's market action index of 64. Inventory has decreased to 7. Click here to stay informed with the Des Plaines market!

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Median List Price		$500,000
Median Price of New Listings		$0
Per Square Foot		$237
Average Days on Market		85
Median Days on Market		63
Price Decreased		71%
Price Increased		0%
Relisted		71%
Inventory		7
Median Rent
Market Action		71
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Each segment below represents approximately 25% of the market ordered by price.

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	Absorbed	DOM
$610,000	2,300	-	5	3	52	0	63
$564,000	2,612	4,500 - 6,500 sqft	4	2.3	79	2	56
$462,487	2,194	0.25 - 0.5 acre	3	1.8	68	1	164
$340,000	1,150	4,500 - 6,500 sqft	3	1.8	85	2	45

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	Absorbed	DOM
$610,000	2,300	-	5	3	52	0	63
$564,000	2,612	4,500 - 6,500 sqft	4	2.3	79	2	56
$462,487	2,194	0.25 - 0.5 acre	3	1.8	68	1	164
$340,000	1,150	4,500 - 6,500 sqft	3	1.8	85	2	45

Median Price	Top $610,000	Upper $564,000	Lower $462,487	Bottom $340,000
Sq. Ft.	2,300	2,612	2,194	1,150
Lot Size	-	4,500 - 6,500 sqft	0.25 - 0.5 acre	4,500 - 6,500 sqft
Beds	5	4	3	3
Baths	3	2.3	1.8	1.8
Age	52	79	68	85
New	0	0	0	0
Absorbed	0	2	1	2
DOM	63	56	164	45

Altos Market Data for Realtors