Altos Market Data for Realtors

Summit Argo, IL

Single-Family Homes

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Summit Argo, IL

Wed Oct 20 2021
This week the median list price for Summit Argo, IL is $269,900 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has increased to 13. Click here to stay informed with the Summit Argo 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.

Summit Argo, IL

Wed Oct 20 2021
This week the median list price for Summit Argo, IL is $269,900 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has increased to 13. Click here to stay informed with the Summit Argo 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 Summit Argo market.
Median List Price $269,900
Median Price of New Listings $247,400
Per Square Foot $181
Average Days on Market 59
Median Days on Market 35
Price Decreased 46%
Price Increased 0%
Relisted 23%
Inventory 13
Median Rent
Market Action 52
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
$449,900 2,322 4,500 - 6,500 sqft 4 3 43 0 0 35
$389,900 2,310 0 - 4,500 sqft 4 3 103 1 0 14
$269,900 1,059 0 - 4,500 sqft 3 1 66 2 0 63
$194,450 1,556 0 - 4,500 sqft 3 2 102 1 1 38