Altos Market Data for Realtors

Morton Grove, IL

Single-Family Homes

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Morton Grove, IL

Tue Sep 21 2021
This week the median list price for Morton Grove, IL is $427,000 with the market action index hovering around 44. This is less than last month's market action index of 47. Inventory has increased to 60. Click here to stay informed with the Morton Grove 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.

Morton Grove, IL

Tue Sep 21 2021
This week the median list price for Morton Grove, IL is $427,000 with the market action index hovering around 44. This is less than last month's market action index of 47. Inventory has increased to 60. Click here to stay informed with the Morton Grove 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 Morton Grove market.
Median List Price $427,000
Median Price of New Listings $439,900
Per Square Foot $245
Average Days on Market 90
Median Days on Market 49
Price Decreased 48%
Price Increased 3%
Relisted 27%
Inventory 60
Median Rent $2,350
Market Action 44
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
$679,900 3,000 6,500 - 8,000 sqft 4 3 55 3 0 42
$459,900 1,864 6,500 - 8,000 sqft 4 2 62 2 2 63
$385,000 1,557 6,500 - 8,000 sqft 3 2 64 3 4 49
$329,000 1,100 4,500 - 6,500 sqft 3 2 65 1 1 35