Altos Market Data for Realtors

Algonquin, IL

Single-Family Homes

Schedule a demo today at AltosResearch.com



Algonquin, IL

Tue Sep 21 2021
This week the median list price for Algonquin, IL is $364,000 with the market action index hovering around 69. This is an increase over last month's market action index of 68. Inventory has decreased to 39. Click here to stay informed with the Algonquin market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Algonquin, IL

Tue Sep 21 2021
This week the median list price for Algonquin, IL is $364,000 with the market action index hovering around 69. This is an increase over last month's market action index of 68. Inventory has decreased to 39. Click here to stay informed with the Algonquin market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Algonquin market.
Median List Price $364,000
Median Price of New Listings $324,900
Per Square Foot $153
Average Days on Market 44
Median Days on Market 28
Price Decreased 36%
Price Increased 0%
Relisted 15%
Inventory 39
Median Rent $1,800
Market Action 69
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
$469,500 3,056 0.25 - 0.5 acre 4 2 21 1 1 28
$409,196 2,626 0.25 - 0.5 acre 3 2 17 2 3 7
$322,400 2,000 0.25 - 0.5 acre 4 2 35 7 1 0
$256,000 1,542 0.25 - 0.5 acre 3 2 37 1 2 56