Altos Market Data for Realtors

Chicago Heights, IL

Single-Family Homes

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Chicago Heights, IL

Tue Sep 21 2021
This week the median list price for Chicago Heights, IL is $139,000 with the market action index hovering around 54. This is less than last month's market action index of 60. Inventory has increased to 113. Click here to stay informed with the Chicago Heights 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.

Chicago Heights, IL

Tue Sep 21 2021
This week the median list price for Chicago Heights, IL is $139,000 with the market action index hovering around 54. This is less than last month's market action index of 60. Inventory has increased to 113. Click here to stay informed with the Chicago Heights 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 Chicago Heights market.
Median List Price $139,000
Median Price of New Listings $152,500
Per Square Foot $113
Average Days on Market 108
Median Days on Market 42
Price Decreased 19%
Price Increased 15%
Relisted 6%
Inventory 113
Median Rent $1,300
Market Action 54
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
$368,495 2,715 0.25 - 0.5 acre 4 2 14 2 1 140
$182,450 1,176 6,500 - 8,000 sqft 3 2 59 8 10 21
$123,950 1,100 6,500 - 8,000 sqft 3 1 65 4 4 59
$75,000 1,041 6,500 - 8,000 sqft 3 1 61 3 1 35