Altos Market Data for Realtors

Elk Grove Village, IL 60007

Single-Family Homes

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Elk Grove Village, IL 60007

Fri May 09 2025
This week the median list price for Elk Grove Village, IL 60007 is $507,500 with the market action index hovering around 69. This is less than last month's market action index of 76. Inventory has increased to 18. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Elk Grove Village, IL 60007

Fri May 09 2025
This week the median list price for Elk Grove Village, IL 60007 is $507,500 with the market action index hovering around 69. This is less than last month's market action index of 76. Inventory has increased to 18. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Elk Grove Village market.
Median List Price $507,500
Median Price of New Listings $477,000
Per Square Foot $233
Average Days on Market 34
Median Days on Market 21
Price Decreased 28%
Price Increased 6%
Relisted 6%
Inventory 18
Median Rent
Market Action 69
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.

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
$612,500 2,569 - 4 3.3 40 0 0 17
$525,000 1,888 0.25 - 0.5 acre 4 2.3 57 1 1 17
$479,900 1,900 8,000 - 10,000 sqft 4 2 61 2 0 28
$399,000 1,752 6,500 - 8,000 sqft 3 2 61 1 1 21