Altos Market Data for Realtors

Somonauk, IL

Single-Family Homes

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Somonauk, IL

Tue Sep 21 2021
This week the median list price for Somonauk, IL is $214,900 with the market action index hovering around 65. This is less than last month's market action index of 67. Inventory has increased to 8. Click here to stay informed with the Somonauk market!

Market Action Index

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

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Somonauk, IL

Tue Sep 21 2021
This week the median list price for Somonauk, IL is $214,900 with the market action index hovering around 65. This is less than last month's market action index of 67. Inventory has increased to 8. Click here to stay informed with the Somonauk market!

Market Action Index

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

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Somonauk market.
Median List Price $214,900
Median Price of New Listings $174,900
Per Square Foot $133
Average Days on Market 45
Median Days on Market 39
Price Decreased 13%
Price Increased 0%
Relisted 13%
Inventory 8
Median Rent $2,500
Market Action 65
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

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
$649,500 3,001 0.5 - 1 acre 5 4 35 0 0 45
$369,900 1,447 0.25 - 0.5 acre 2 1 42 0 0 42
$184,900 3,000 0.25 - 0.5 acre 3 1 59 1 0 14
$167,400 2,050 0.25 - 0.5 acre 3 1 NaN 1 0 77