Altos Market Data for Realtors

Skokie, IL

Single-Family Homes

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Skokie, IL

Tue Sep 21 2021
This week the median list price for Skokie, IL is $425,000 with the market action index hovering around 45. This is less than last month's market action index of 49. Inventory has decreased to 86. Click here to stay informed with the Skokie 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.

Skokie, IL

Tue Sep 21 2021
This week the median list price for Skokie, IL is $425,000 with the market action index hovering around 45. This is less than last month's market action index of 49. Inventory has decreased to 86. Click here to stay informed with the Skokie 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 Skokie market.
Median List Price $425,000
Median Price of New Listings $412,450
Per Square Foot $250
Average Days on Market 71
Median Days on Market 53
Price Decreased 55%
Price Increased 0%
Relisted 31%
Inventory 86
Median Rent $2,425
Market Action 45
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$699,000 3,092 6,500 - 8,000 sqft 4 3 61 4 1 63
$449,500 1,596 4,500 - 6,500 sqft 4 2 65 1 4 63
$399,000 1,605 4,500 - 6,500 sqft 3 2 64 4 8 49
$353,500 1,406 4,500 - 6,500 sqft 3 2 66 3 5 42