Altos Market Data for Realtors

Orland Park, IL

Single-Family Homes

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Orland Park, IL

Tue Sep 21 2021
This week the median list price for Orland Park, IL is $559,450 with the market action index hovering around 51. This is an increase over last month's market action index of 50. Inventory has decreased to 82. Click here to stay informed with the Orland Park market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Orland Park, IL

Tue Sep 21 2021
This week the median list price for Orland Park, IL is $559,450 with the market action index hovering around 51. This is an increase over last month's market action index of 50. Inventory has decreased to 82. Click here to stay informed with the Orland Park market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Orland Park market.
Median List Price $559,450
Median Price of New Listings $349,450
Per Square Foot $173
Average Days on Market 136
Median Days on Market 42
Price Decreased 48%
Price Increased 0%
Relisted 26%
Inventory 82
Median Rent $2,745
Market Action 51
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$967,000 5,184 0.5 - 1 acre 5 4 24 1 1 98
$629,950 3,563 0.25 - 0.5 acre 4 3 24 0 0 42
$484,900 2,806 0.25 - 0.5 acre 4 2 29 0 6 42
$349,900 1,936 0.25 - 0.5 acre 3 2 49 3 7 28