Altos Market Data for Realtors

Newark, IL

Single-Family Homes

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Current active inventory in Newark, IL is very low. Keep this in mind when looking at this report.

Newark, IL

Mon May 29 2023
This week the median list price for Newark, IL is $352,400 with the market action index hovering around 43. This is less than last month's market action index of 49. Inventory has increased to 2. 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 Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Newark, IL

Mon May 29 2023
This week the median list price for Newark, IL is $352,400 with the market action index hovering around 43. This is less than last month's market action index of 49. Inventory has increased to 2. 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 Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Newark market.
Median List Price $352,400
Median Price of New Listings $189,900
Per Square Foot $357
Average Days on Market 32
Median Days on Market 32
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$514,900 1,440 10 - 20 acres 3 1 133 0 0 63
$189,900 0 6,500 - 8,000 sqft 2 2 147 1 0 0