Tue Sep 21 2021
This week the median list price for Newark, IL is $514,000 with the market action index hovering around 29. This is less than last month's market action index of 33. Inventory has held steady at or around 9.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$514,000|
|Median Price of New Listings||$0|
|Per Square Foot||$207|
|Average Days on Market||100|
|Median Days on Market||70|
|Slight Buyer's Advantage|
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$837,475||2,889||10 - 20 acres||4||2||24||0||0||87|
|$593,000||1,950||10 - 20 acres||4||2||76||0||0||35|
|$497,000||3,840||1 - 2.5 acres||4||3||8||0||0||227|
|$194,900||1,340||0.25 - 0.5 acre||3||2||48||0||0||28|