Altos Market Data for Realtors

Richton Park, IL

Single-Family Homes

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Richton Park, IL

Tue Sep 21 2021
This week the median list price for Richton Park, IL is $150,000 with the market action index hovering around 69. This is less than last month's market action index of 70. Inventory has increased to 9. Click here to stay informed with the Richton 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 at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Richton Park, IL

Tue Sep 21 2021
This week the median list price for Richton Park, IL is $150,000 with the market action index hovering around 69. This is less than last month's market action index of 70. Inventory has increased to 9. Click here to stay informed with the Richton 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 at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Richton Park market.
Median List Price $150,000
Median Price of New Listings $185,000
Per Square Foot $119
Average Days on Market 125
Median Days on Market 77
Price Decreased 22%
Price Increased 11%
Relisted 11%
Inventory 9
Median Rent $1,500
Market Action 69
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$379,250 3,137 0.25 - 0.5 acre 5 2 27 1 2 45
$177,450 1,156 8,000 - 10,000 sqft 3 1 58 2 3 24
$149,950 1,252 0.25 - 0.5 acre 2 1 62 0 1 63
$110,550 1,176 6,500 - 8,000 sqft 4 1 51 0 0 392