Altos Market Data for Realtors

Schiller Park, IL

Single-Family Homes

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Schiller Park, IL

Tue May 30 2023
This week the median list price for Schiller Park, IL is $424,850 with the market action index hovering around 47. This is less than last month's market action index of 55. Inventory has increased to 10. Click here to stay informed with the Schiller Park market!

Market Action Index

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

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Schiller Park, IL

Tue May 30 2023
This week the median list price for Schiller Park, IL is $424,850 with the market action index hovering around 47. This is less than last month's market action index of 55. Inventory has increased to 10. Click here to stay informed with the Schiller Park market!

Market Action Index

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

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Schiller Park market.
Median List Price $424,850
Median Price of New Listings $436,000
Per Square Foot $234
Average Days on Market 88
Median Days on Market 70
Price Decreased 70%
Price Increased 10%
Relisted 50%
Inventory 10
Median Rent
Market Action 47
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$517,250 2,455 6,500 - 8,000 sqft 4 2.8 48 1 0 52
$429,900 1,723 0.25 - 0.5 acre 5 2 71 0 0 49
$420,000 1,613 4,500 - 6,500 sqft 3 2 65 0 1 56
$349,000 2,250 4,500 - 6,500 sqft 4 2 71 1 0 133