Altos Market Data for Realtors

Hometown, IL

Single-Family Homes

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

Hometown, IL

Tue May 30 2023
This week the median list price for Hometown, IL is $225,000 with the market action index hovering around 58. This is an increase over last month's market action index of 56. Inventory has decreased to 1. Click here to stay informed with the Hometown market!

Market Action Index

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

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Hometown, IL

Tue May 30 2023
This week the median list price for Hometown, IL is $225,000 with the market action index hovering around 58. This is an increase over last month's market action index of 56. Inventory has decreased to 1. Click here to stay informed with the Hometown market!

Market Action Index

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

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Hometown market.
Median List Price $225,000
Median Price of New Listings $0
Per Square Foot $129
Average Days on Market 56
Median Days on Market 56
Price Decreased 100%
Price Increased 0%
Relisted 0%
Inventory 1
Median Rent
Market Action 58
Strong Seller's Market

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
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$225,000 1,741 4,500 - 6,500 sqft 3 2 70 0 0 56