Altos Market Data for Realtors

Justice, IL

Single-Family Homes

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Justice, IL

Tue Sep 21 2021
This week the median list price for Justice, IL is $377,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 12. Click here to stay informed with the Justice 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.

Justice, IL

Tue Sep 21 2021
This week the median list price for Justice, IL is $377,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 12. Click here to stay informed with the Justice 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 Justice market.
Median List Price $377,000
Median Price of New Listings $269,900
Per Square Foot $172
Average Days on Market 44
Median Days on Market 14
Price Decreased 42%
Price Increased 0%
Relisted 8%
Inventory 12
Median Rent $1,850
Market Action 47
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. 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
$479,999 2,635 8,000 - 10,000 sqft 4 3 21 0 0 56
$415,000 1,730 0.25 - 0.5 acre 6 3 28 1 0 14
$320,000 2,067 8,000 - 10,000 sqft 3 2 31 0 1 14
$255,000 1,783 6,500 - 8,000 sqft 3 2 48 2 1 0