Mon May 29 2023
This week the median list price for Des Plaines, IL is $422,450 with the market action index hovering around 71. This is an increase over last month's market action index of 67. Inventory has decreased to 26.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$422,450|
|Median Price of New Listings||$399,700|
|Per Square Foot||$215|
|Average Days on Market||132|
|Median Days on Market||32|
|Strong Seller's Market|
Price trends continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$772,250||3,777||8,000 - 10,000 sqft||4||3.8||18||2||0||28|
|$524,999||2,545||8,000 - 10,000 sqft||4||3||75||1||2||126|
|$385,000||1,955||6,500 - 8,000 sqft||3||2||63||3||1||14|
|$300,000||1,400||6,500 - 8,000 sqft||3||2||78||2||2||21|