Altos Market Data for Realtors

Elk Grove Village, IL 60007

Single-Family Homes

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Elk Grove Village, IL 60007

Sun Dec 03 2023
This week the median list price for Elk Grove Village, IL 60007 is $389,000 with the market action index hovering around 59. This is less than last month's market action index of 65. Inventory has decreased to 15. 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

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 Dec 03 2023
This week the median list price for Elk Grove Village, IL 60007 is $389,000 with the market action index hovering around 59. This is less than last month's market action index of 65. Inventory has decreased to 15. 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

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 $389,000
Median Price of New Listings $429,000
Per Square Foot $237
Average Days on Market 53
Median Days on Market 49
Price Decreased 47%
Price Increased 0%
Relisted 27%
Inventory 15
Median Rent
Market Action 59
Strong Seller's Market

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
$599,900 2,575 0.25 - 0.5 acre 4 2.5 58 0 1 105
$424,450 1,763 6,500 - 8,000 sqft 3 2 60 1 1 35
$387,000 1,625 6,500 - 8,000 sqft 4 2 58 0 0 28
$352,000 1,336 6,500 - 8,000 sqft 3 1.3 64 0 2 28