Altos Market Data for Realtors

Lockport, IL

Single-Family Homes

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Lockport, IL

Tue Sep 21 2021
This week the median list price for Lockport, IL is $249,800 with the market action index hovering around 66. This is an increase over last month's market action index of 62. Inventory has decreased to 34. Click here to stay informed with the Lockport market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Lockport, IL

Tue Sep 21 2021
This week the median list price for Lockport, IL is $249,800 with the market action index hovering around 66. This is an increase over last month's market action index of 62. Inventory has decreased to 34. Click here to stay informed with the Lockport market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Lockport market.
Median List Price $249,800
Median Price of New Listings $304,950
Per Square Foot $142
Average Days on Market 43
Median Days on Market 35
Price Decreased 38%
Price Increased 6%
Relisted 15%
Inventory 34
Median Rent $1,850
Market Action 66
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$512,000 3,596 1 - 2.5 acres 4 4 17 1 1 24
$372,450 2,585 0.25 - 0.5 acre 4 2 26 3 3 28
$225,000 1,575 8,000 - 10,000 sqft 3 1 64 1 3 77
$149,900 1,500 6,500 - 8,000 sqft 3 1 62 1 2 28