Altos Market Data for Realtors

Gurnee, IL

Single-Family Homes

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Gurnee, IL

Tue Sep 21 2021
This week the median list price for Gurnee, IL is $350,000 with the market action index hovering around 59. This is less than last month's market action index of 64. Inventory has held steady at or around 57. Click here to stay informed with the Gurnee market!

Market Action Index

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

Strong Seller's Market

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.

Gurnee, IL

Tue Sep 21 2021
This week the median list price for Gurnee, IL is $350,000 with the market action index hovering around 59. This is less than last month's market action index of 64. Inventory has held steady at or around 57. Click here to stay informed with the Gurnee market!

Market Action Index

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

Strong Seller's Market

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 Gurnee market.
Median List Price $350,000
Median Price of New Listings $287,500
Per Square Foot $158
Average Days on Market 49
Median Days on Market 35
Price Decreased 58%
Price Increased 2%
Relisted 26%
Inventory 57
Median Rent $1,750
Market Action 59
Strong Seller's Market

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
$539,000 3,058 0.25 - 0.5 acre 4 3 24 1 2 59
$377,500 2,501 0.25 - 0.5 acre 4 2 26 2 3 28
$333,000 2,143 0.25 - 0.5 acre 4 2 31 1 4 28
$257,000 1,513 0.25 - 0.5 acre 3 2 44 6 2 21