Altos Market Data for Realtors

Elmwood, IL

Single-Family Homes

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Elmwood, IL

Tue Sep 21 2021
This week the median list price for Elmwood, IL is $364,900 with the market action index hovering around 42. This is less than last month's market action index of 51. Inventory has decreased to 5. Click here to stay informed with the Elmwood 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Elmwood, IL

Tue Sep 21 2021
This week the median list price for Elmwood, IL is $364,900 with the market action index hovering around 42. This is less than last month's market action index of 51. Inventory has decreased to 5. Click here to stay informed with the Elmwood 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Elmwood market.
Median List Price $364,900
Median Price of New Listings $0
Per Square Foot $91
Average Days on Market 59
Median Days on Market 49
Price Decreased 60%
Price Increased 0%
Relisted 20%
Inventory 5
Median Rent
Market Action 42
Slight Seller's Advantage

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,285,000 4,365 N/A 4 4 23 0 0 112
$369,990 4,037 0.25 - 0.5 acre 5 3 13 0 0 77
$364,900 3,954 0.5 - 1 acre 4 3 35 0 0 28
$172,400 2,838 0.25 - 0.5 acre 4 2 57 0 1 38