Tue Sep 21 2021
This week the median list price for Bridgeview, IL is $280,450 with the market action index hovering around 43. This is less than last month's market action index of 46. Inventory has decreased to 22.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$280,450|
|Median Price of New Listings||$227,000|
|Per Square Foot||$159|
|Average Days on Market||69|
|Median Days on Market||35|
|Slight Seller's Advantage|
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$380,000||1,862||6,500 - 8,000 sqft||4||2||74||0||1||140|
|$314,963||1,700||6,500 - 8,000 sqft||3||2||52||0||1||35|
|$264,500||1,647||8,000 - 10,000 sqft||4||1||62||1||0||35|
|$209,950||1,423||0.25 - 0.5 acre||3||2||61||3||1||3|