Altos Market Data for Realtors

Lemont, IL

Single-Family Homes

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Lemont, IL

Tue Sep 21 2021
This week the median list price for Lemont, IL is $699,000 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has decreased to 59. Click here to stay informed with the Lemont market!

Market Action Index

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

Slight Seller's Advantage

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.

Lemont, IL

Tue Sep 21 2021
This week the median list price for Lemont, IL is $699,000 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has decreased to 59. Click here to stay informed with the Lemont market!

Market Action Index

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

Slight Seller's Advantage

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 Lemont market.
Median List Price $699,000
Median Price of New Listings $459,990
Per Square Foot $221
Average Days on Market 100
Median Days on Market 77
Price Decreased 39%
Price Increased 3%
Relisted 31%
Inventory 59
Median Rent $2,173
Market Action 34
Slight Seller's Advantage

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
$1,202,500 5,959 1 - 2.5 acres 5 5 17 0 0 77
$799,000 3,439 0.25 - 0.5 acre 4 3 14 0 1 119
$575,000 2,650 0.5 - 1 acre 4 2 25 3 2 28
$289,900 1,625 8,000 - 10,000 sqft 3 2 62 2 1 49