Altos Market Data for Realtors

Westmont, IL

Single-Family Homes

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Westmont, IL

Fri Jun 21 2024
This week the median list price for Westmont, IL is $364,450 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has held steady at or around 14. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Westmont, IL

Fri Jun 21 2024
This week the median list price for Westmont, IL is $364,450 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has held steady at or around 14. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Westmont market.
Median List Price $364,450
Median Price of New Listings $609,999
Per Square Foot $233
Average Days on Market 52
Median Days on Market 60
Price Decreased 50%
Price Increased 0%
Relisted 29%
Inventory 14
Median Rent
Market Action 50
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$1,100,000 3,457 0.25 - 0.5 acre 4 3.5 9 2 2 0
$459,900 1,871 8,000 - 10,000 sqft 4 2.5 45 2 0 0
$354,497 1,500 8,000 - 10,000 sqft 3 2 81 0 0 77
$297,450 1,321 8,000 - 10,000 sqft 2 1.8 93 0 1 38