Altos Market Data for Realtors

Matteson, IL 60443

Single-Family Homes

Schedule a demo today at AltosResearch.com


Matteson, IL 60443

Wed Oct 09 2024
This week the median list price for Matteson, IL 60443 is $279,900 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 43. Click here to stay informed with the Matteson market!

Market Action Index

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

Strong Seller's Market

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Matteson, IL 60443

Wed Oct 09 2024
This week the median list price for Matteson, IL 60443 is $279,900 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 43. Click here to stay informed with the Matteson market!

Market Action Index

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

Strong Seller's Market

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Matteson market.
Median List Price $279,900
Median Price of New Listings $235,000
Per Square Foot $147
Average Days on Market 76
Median Days on Market 42
Price Decreased 47%
Price Increased 7%
Relisted 9%
Inventory 43
Median Rent
Market Action 46
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$387,700 2,460 0.25 - 0.5 acre 4 2.5 20 0 2 38
$299,900 2,240 8,000 - 10,000 sqft 4 2.5 27 1 2 63
$259,700 1,788 8,000 - 10,000 sqft 4 2 46 2 0 49
$194,900 1,025 6,500 - 8,000 sqft 3 1.5 68 2 3 14