Altos Market Data for Realtors

Westmont, IL

Single-Family Homes

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Westmont, IL

Sat Sep 30 2023
This week the median list price for Westmont, IL is $445,000 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has decreased to 17. Click here to stay informed with the Westmont 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.

Westmont, IL

Sat Sep 30 2023
This week the median list price for Westmont, IL is $445,000 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has decreased to 17. Click here to stay informed with the Westmont 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 Westmont market.
Median List Price $445,000
Median Price of New Listings $479,450
Per Square Foot $207
Average Days on Market 54
Median Days on Market 42
Price Decreased 53%
Price Increased 0%
Relisted 18%
Inventory 17
Median Rent
Market Action 57
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$849,950 4,862 0.5 - 1 acre 4 5 18 0 1 10
$620,000 2,568 8,000 - 10,000 sqft 4 2.5 28 1 4 80
$419,900 2,041 0.25 - 0.5 acre 4 2.8 64 0 0 84
$329,000 1,500 8,000 - 10,000 sqft 3 2 65 1 4 28