Altos Market Data for Realtors

Midlothian, IL

Single-Family Homes

Schedule a demo today at AltosResearch.com



Midlothian, IL

Tue Sep 21 2021
This week the median list price for Midlothian, IL is $204,949 with the market action index hovering around 77. This is about the same as last month's market action index of 77. Inventory has decreased to 22. Click here to stay informed with the Midlothian 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Midlothian, IL

Tue Sep 21 2021
This week the median list price for Midlothian, IL is $204,949 with the market action index hovering around 77. This is about the same as last month's market action index of 77. Inventory has decreased to 22. Click here to stay informed with the Midlothian 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Midlothian market.
Median List Price $204,949
Median Price of New Listings $209,900
Per Square Foot $150
Average Days on Market 65
Median Days on Market 35
Price Decreased 45%
Price Increased 0%
Relisted 9%
Inventory 22
Median Rent $1,850
Market Action 77
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
$249,900 1,900 0.25 - 0.5 acre 4 2 42 1 1 49
$224,900 1,200 6,500 - 8,000 sqft 3 2 65 1 2 21
$199,900 1,296 6,500 - 8,000 sqft 3 2 71 3 3 7
$132,450 917 6,500 - 8,000 sqft 3 1 81 0 1 63