Altos Market Data for Realtors

Spring Grove, IL 60081

Single-Family Homes

Schedule a demo today at AltosResearch.com


Spring Grove, IL 60081

Thu Dec 26 2024
This week the median list price for Spring Grove, IL 60081 is $407,400 with the market action index hovering around 42. This is less than last month's market action index of 46. Inventory has increased to 18. Click here to stay informed with the Spring Grove market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has started cooling and prices have recently plateaued. Since 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.

Spring Grove, IL 60081

Thu Dec 26 2024
This week the median list price for Spring Grove, IL 60081 is $407,400 with the market action index hovering around 42. This is less than last month's market action index of 46. Inventory has increased to 18. Click here to stay informed with the Spring Grove market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has started cooling and prices have recently plateaued. Since 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 Spring Grove market.
Median List Price $407,400
Median Price of New Listings $424,900
Per Square Foot $200
Average Days on Market 138
Median Days on Market 126
Price Decreased 56%
Price Increased 6%
Relisted 22%
Inventory 18
Median Rent
Market Action 42
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$644,900 4,414 1 - 2.5 acres 4 3.3 23 0 0 147
$524,450 3,124 1 - 2.5 acres 4 2.8 23 0 1 10
$385,000 2,128 0.5 - 1 acre 4 2.5 46 1 1 91
$169,000 613 4,500 - 6,500 sqft 2 1 85 0 1 182