Altos Market Data for Realtors

Elburn, IL

Single-Family Homes

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Elburn, IL

Tue Sep 21 2021
This week the median list price for Elburn, IL is $463,000 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has decreased to 23. Click here to stay informed with the Elburn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

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.

Elburn, IL

Tue Sep 21 2021
This week the median list price for Elburn, IL is $463,000 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has decreased to 23. Click here to stay informed with the Elburn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

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 Elburn market.
Median List Price $463,000
Median Price of New Listings $550,450
Per Square Foot $221
Average Days on Market 99
Median Days on Market 70
Price Decreased 65%
Price Increased 17%
Relisted 17%
Inventory 23
Median Rent $1,500
Market Action 44
Slight Seller's Advantage

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
$875,000 4,059 10 - 20 acres 4 3 57 1 0 147
$521,400 2,472 8,000 - 10,000 sqft 3 2 0 2 0 66
$437,600 1,857 4,500 - 6,500 sqft 3 2 0 0 1 63
$337,554 1,827 8,000 - 10,000 sqft 3 2 17 1 1 87