Altos Market Data for Realtors

Midlothian, IL

Single-Family Homes

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Midlothian, IL

Wed Oct 20 2021
This week the median list price for Midlothian, IL is $197,400 with the market action index hovering around 74. This is less than last month's market action index of 76. Inventory has decreased to 20. Click here to stay informed with the Midlothian market!

Market Action Index

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

Strong Seller's Market

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.

Midlothian, IL

Wed Oct 20 2021
This week the median list price for Midlothian, IL is $197,400 with the market action index hovering around 74. This is less than last month's market action index of 76. Inventory has decreased to 20. Click here to stay informed with the Midlothian market!

Market Action Index

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

Strong Seller's Market

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 Midlothian market.
Median List Price $197,400
Median Price of New Listings $212,450
Per Square Foot $146
Average Days on Market 82
Median Days on Market 46
Price Decreased 25%
Price Increased 5%
Relisted 15%
Inventory 20
Median Rent $1,895
Market Action 74
Strong Seller's Market

The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.

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
$270,700 1,900 8,000 - 10,000 sqft 4 2 32 2 1 77
$205,000 1,200 6,500 - 8,000 sqft 3 1 62 2 3 42
$169,900 1,279 6,500 - 8,000 sqft 3 1 64 2 1 28
$135,000 1,066 6,500 - 8,000 sqft 2 1 71 0 0 112