Single-Family Homes
Tue May 30 2023
This week the median list price for Streamwood, IL is $374,000 with the market action index hovering around 84. This is an increase over last month's market action index of 79. Inventory has increased to 9.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Median List Price | $374,000 | |
Median Price of New Listings | $339,900 | |
Per Square Foot | $204 | |
Average Days on Market | 34 | |
Median Days on Market | 0 | |
Price Decreased | 11% | |
Price Increased | 0% | |
Relisted | 0% | |
Inventory | 9 | |
Median Rent | ||
Market Action | 84 | |
Strong Seller's Market |
Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$624,903 | 3,396 | 8,000 - 10,000 sqft | 4 | 3.3 | 26 | 1 | 1 | 3 |
$409,999 | 2,363 | 6,500 - 8,000 sqft | 3 | 2.8 | 40 | 1 | 1 | 10 |
$356,950 | 1,737 | 4,500 - 6,500 sqft | 4 | 2.5 | 27 | 1 | 1 | 10 |
$325,000 | 1,232 | 4,500 - 6,500 sqft | 3 | 1.5 | 36 | 2 | 2 | 0 |