Altos Market Data for Realtors

Tinley Park, IL 60487

Single-Family Homes

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Tinley Park, IL 60487

Wed Jan 15 2025
This week the median list price for Tinley Park, IL 60487 is $490,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 24. Click here to stay informed with the Tinley Park 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 been flat for several weeks. 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.

Tinley Park, IL 60487

Wed Jan 15 2025
This week the median list price for Tinley Park, IL 60487 is $490,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 24. Click here to stay informed with the Tinley Park 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 been flat for several weeks. 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 Tinley Park market.
Median List Price $490,000
Median Price of New Listings $389,900
Per Square Foot $176
Average Days on Market 84
Median Days on Market 70
Price Decreased 50%
Price Increased 0%
Relisted 42%
Inventory 24
Median Rent
Market Action 37
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$629,900 3,450 0.25 - 0.5 acre 4 3 19 0 1 45
$521,950 3,010 0.25 - 0.5 acre 4 2.5 24 1 0 112
$447,004 2,852 0.25 - 0.5 acre 4 2.8 31 0 0 87
$356,194 1,462 6,500 - 8,000 sqft 3 2 46 2 0 66