Altos Market Data for Realtors

Berkeley, IL

Single-Family Homes

Schedule a demo today at AltosResearch.com



Berkeley, IL

Tue Sep 21 2021
This week the median list price for Berkeley, IL is $231,450 with the market action index hovering around 71. This is an increase over last month's market action index of 70. Inventory has increased to 8. Click here to stay informed with the Berkeley 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’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Berkeley, IL

Tue Sep 21 2021
This week the median list price for Berkeley, IL is $231,450 with the market action index hovering around 71. This is an increase over last month's market action index of 70. Inventory has increased to 8. Click here to stay informed with the Berkeley 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’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Berkeley market.
Median List Price $231,450
Median Price of New Listings $185,000
Per Square Foot $237
Average Days on Market 58
Median Days on Market 46
Price Decreased 25%
Price Increased 0%
Relisted 13%
Inventory 8
Median Rent $3,200
Market Action 71
Strong Seller's Market

This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

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
$279,700 1,153 6,500 - 8,000 sqft 2 1 73 0 0 56
$254,950 1,045 4,500 - 6,500 sqft 3 1 60 0 0 31
$208,950 992 4,500 - 6,500 sqft 3 1 70 0 1 108
$157,450 1,009 4,500 - 6,500 sqft 2 1 75 1 1 35