Altos Market Data for Realtors

New Lenox, IL

Single-Family Homes

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New Lenox, IL

Mon May 29 2023
This week the median list price for New Lenox, IL is $492,400 with the market action index hovering around 65. This is less than last month's market action index of 67. Inventory has increased to 30. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

New Lenox, IL

Mon May 29 2023
This week the median list price for New Lenox, IL is $492,400 with the market action index hovering around 65. This is less than last month's market action index of 67. Inventory has increased to 30. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the New Lenox market.
Median List Price $492,400
Median Price of New Listings $429,808
Per Square Foot $199
Average Days on Market 48
Median Days on Market 18
Price Decreased 40%
Price Increased 7%
Relisted 20%
Inventory 30
Median Rent
Market Action 65
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
$649,900 3,064 1 - 2.5 acres 4 3.5 24 2 2 77
$519,380 2,900 0.25 - 0.5 acre 4 2.5 6 1 0 49
$414,854 2,238 0.25 - 0.5 acre 4 2.3 35 4 3 7
$309,900 1,450 0.25 - 0.5 acre 3 1.5 69 4 2 3