Altos Market Data for Realtors

New Lenox, IL

Single-Family Homes

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New Lenox, IL

Tue Sep 21 2021
This week the median list price for New Lenox, IL is $430,000 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has decreased to 41. Click here to stay informed with the New Lenox market!

Market Action Index

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

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

New Lenox, IL

Tue Sep 21 2021
This week the median list price for New Lenox, IL is $430,000 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has decreased to 41. Click here to stay informed with the New Lenox market!

Market Action Index

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

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the New Lenox market.
Median List Price $430,000
Median Price of New Listings $377,450
Per Square Foot $154
Average Days on Market 89
Median Days on Market 42
Price Decreased 39%
Price Increased 2%
Relisted 15%
Inventory 41
Median Rent $1,500
Market Action 63
Strong Seller's Market

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
$942,450 9,050 1 - 2.5 acres 5 5 18 0 0 108
$454,400 2,907 0.25 - 0.5 acre 4 3 17 2 1 35
$399,900 2,630 0.25 - 0.5 acre 4 2 19 0 2 28
$269,900 1,750 0.25 - 0.5 acre 3 2 45 2 4 35