Altos Market Data for Realtors

Marengo, IL

Single-Family Homes

Schedule a demo today at AltosResearch.com



Marengo, IL

Tue Sep 21 2021
This week the median list price for Marengo, IL is $405,000 with the market action index hovering around 53. This is less than last month's market action index of 62. Inventory has increased to 29. Click here to stay informed with the Marengo 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.

Marengo, IL

Tue Sep 21 2021
This week the median list price for Marengo, IL is $405,000 with the market action index hovering around 53. This is less than last month's market action index of 62. Inventory has increased to 29. Click here to stay informed with the Marengo 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 Marengo market.
Median List Price $405,000
Median Price of New Listings $415,000
Per Square Foot $146
Average Days on Market 55
Median Days on Market 42
Price Decreased 48%
Price Increased 0%
Relisted 17%
Inventory 29
Median Rent
Market Action 53
Strong Seller's Market

The market seems to have paused around this plateau. 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
$799,900 3,826 10 - 20 acres 4 3 21 2 0 56
$440,000 3,600 5 - 10 acres 5 3 46 2 1 21
$270,000 1,650 0.25 - 0.5 acre 3 2 19 2 0 63
$190,000 1,808 0.25 - 0.5 acre 3 2 74 1 0 31