Altos Market Data for Realtors

Elmwood, IL

Single-Family Homes

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Current active inventory in Elmwood, IL is very low. Keep this in mind when looking at this report.

Elmwood, IL

Tue May 30 2023
This week the median list price for Elmwood, IL is $199,900 with the market action index hovering around 34. This is an increase over last month's market action index of 30. Inventory has increased to 3. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Elmwood, IL

Tue May 30 2023
This week the median list price for Elmwood, IL is $199,900 with the market action index hovering around 34. This is an increase over last month's market action index of 30. Inventory has increased to 3. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Elmwood market.
Median List Price $199,900
Median Price of New Listings $0
Per Square Foot $102
Average Days on Market 12
Median Days on Market 14
Price Decreased 67%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 34
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$245,000 1,702 8,000 - 10,000 sqft 3 2 73 0 0 14
$199,900 2,170 0.25 - 0.5 acre 5 2 56 0 0 7
$114,900 1,120 8,000 - 10,000 sqft 3 1 46 0 0 14