Single-Family Homes
Tue May 30 2023
This week the median list price for Kingston, IL is $358,450 with the market action index hovering around 34. This is an increase over last month's market action index of 30. Inventory has held steady at or around 2.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Median List Price | $358,450 | |
Median Price of New Listings | $497,000 | |
Per Square Foot | $123 | |
Average Days on Market | 7 | |
Median Days on Market | 7 | |
Price Decreased | 0% | |
Price Increased | 0% | |
Relisted | 0% | |
Inventory | 2 | |
Median Rent | ||
Market Action | 34 | |
Slight Seller's Advantage |
Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
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 |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
$497,000 | 3,112 | 2.5 - 5 acres | 5 | 4 | 51 | 1 | 0 | 0 |
$219,900 | 2,472 | 0.25 - 0.5 acre | 4 | 1.5 | 45 | 0 | 0 | 14 |