Altos Market Data for Realtors

Spring Grove, IL

Single-Family Homes

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Spring Grove, IL

Tue Sep 21 2021
This week the median list price for Spring Grove, IL is $359,900 with the market action index hovering around 45. This is less than last month's market action index of 47. Inventory has decreased to 33. Click here to stay informed with the Spring Grove 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.

Spring Grove, IL

Tue Sep 21 2021
This week the median list price for Spring Grove, IL is $359,900 with the market action index hovering around 45. This is less than last month's market action index of 47. Inventory has decreased to 33. Click here to stay informed with the Spring Grove 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 Spring Grove market.
Median List Price $359,900
Median Price of New Listings $269,200
Per Square Foot $149
Average Days on Market 94
Median Days on Market 63
Price Decreased 52%
Price Increased 9%
Relisted 18%
Inventory 33
Median Rent $1,725
Market Action 45
Strong Seller's Market

The market is 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
$650,000 4,082 1 - 2.5 acres 4 3 15 0 1 59
$412,450 2,714 1 - 2.5 acres 4 2 26 0 2 112
$331,400 1,920 0.25 - 0.5 acre 3 2 26 2 3 10
$179,900 1,500 8,000 - 10,000 sqft 3 2 66 2 0 63