Altos Market Data for Realtors

Bourbonnais, IL

Single-Family Homes

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Bourbonnais, IL

Tue Sep 21 2021
This week the median list price for Bourbonnais, IL is $259,900 with the market action index hovering around 63. This is about the same as last month's market action index of 63. Inventory has held steady at or around 27. Click here to stay informed with the Bourbonnais 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.

Bourbonnais, IL

Tue Sep 21 2021
This week the median list price for Bourbonnais, IL is $259,900 with the market action index hovering around 63. This is about the same as last month's market action index of 63. Inventory has held steady at or around 27. Click here to stay informed with the Bourbonnais 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 Bourbonnais market.
Median List Price $259,900
Median Price of New Listings $149,900
Per Square Foot $132
Average Days on Market 78
Median Days on Market 35
Price Decreased 37%
Price Increased 0%
Relisted 4%
Inventory 27
Median Rent $1,950
Market Action 63
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
$392,450 3,178 0.5 - 1 acre 5 3 23 1 1 28
$286,400 2,180 0.25 - 0.5 acre 3 3 16 0 2 35
$234,900 1,888 0.25 - 0.5 acre 4 2 48 1 1 28
$124,900 1,017 8,000 - 10,000 sqft 3 1 67 3 1 35