Altos Market Data for Realtors

Des Plaines, IL

Single-Family Homes

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Des Plaines, IL

Tue Sep 21 2021
This week the median list price for Des Plaines, IL is $374,900 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has decreased to 91. Click here to stay informed with the Des Plaines 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Des Plaines, IL

Tue Sep 21 2021
This week the median list price for Des Plaines, IL is $374,900 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has decreased to 91. Click here to stay informed with the Des Plaines 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 Des Plaines market.
Median List Price $374,900
Median Price of New Listings $349,900
Per Square Foot $211
Average Days on Market 64
Median Days on Market 35
Price Decreased 51%
Price Increased 1%
Relisted 20%
Inventory 91
Median Rent $2,500
Market Action 51
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$660,000 3,344 0.25 - 0.5 acre 4 3 28 3 1 70
$409,000 2,117 6,500 - 8,000 sqft 3 2 60 3 3 42
$349,900 1,591 6,500 - 8,000 sqft 3 2 65 6 3 35
$295,000 1,200 8,000 - 10,000 sqft 3 1 65 5 10 35