Altos Market Data for Realtors

Essex, IL

Single-Family Homes

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

Essex, IL

Tue May 30 2023
This week the median list price for Essex, IL is $750,000 with the market action index hovering around 30. This is an increase over last month's market action index of 23. Inventory has decreased to 1. Click here to stay informed with the Essex market!

Market Action Index

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

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Essex, IL

Tue May 30 2023
This week the median list price for Essex, IL is $750,000 with the market action index hovering around 30. This is an increase over last month's market action index of 23. Inventory has decreased to 1. Click here to stay informed with the Essex market!

Market Action Index

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

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Essex market.
Median List Price $750,000
Median Price of New Listings $0
Per Square Foot $750
Average Days on Market 3780
Median Days on Market 3780
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 1
Median Rent
Market Action 30
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
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$750,000 1,000 10 - 20 acres 2 1 71 0 1 3780