Altos Market Data for Realtors

Newark, IL

Single-Family Homes

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Newark, IL

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. Click here to stay informed with the Newark market!

Market Action Index

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

Slight Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Newark, IL

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. Click here to stay informed with the Newark market!

Market Action Index

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

Slight Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Newark market.
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
Price Decreased 44%
Price Increased 0%
Relisted 11%
Inventory 9
Median Rent $1,645
Market Action 29
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.

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
$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