Altos Market Data for Realtors

Elk Grove Village, IL 60007

Single-Family Homes

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Elk Grove Village, IL 60007

Sun Jul 06 2025
This week the median list price for Elk Grove Village, IL 60007 is $469,900 with the market action index hovering around 56. This is less than last month's market action index of 68. Inventory has held steady at or around 27. Click here to stay informed with the Elk Grove Village 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Elk Grove Village, IL 60007

Sun Jul 06 2025
This week the median list price for Elk Grove Village, IL 60007 is $469,900 with the market action index hovering around 56. This is less than last month's market action index of 68. Inventory has held steady at or around 27. Click here to stay informed with the Elk Grove Village 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Elk Grove Village market.
Median List Price $469,900
Median Price of New Listings $459,900
Per Square Foot $250
Average Days on Market 45
Median Days on Market 42
Price Decreased 26%
Price Increased 0%
Relisted 33%
Inventory 27
Median Rent
Market Action 56
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$575,000 2,742 - 4 2.5 47 0 1 49
$474,900 1,769 - 4 2 59 1 1 49
$459,900 1,866 - 4 2 58 2 1 21
$389,450 1,346 - 3 1.5 64 2 2 7