Altos Market Data for Realtors

Summit Argo, IL

Single-Family Homes

Schedule a demo today at AltosResearch.com



Current active inventory in Summit Argo, IL is very low. Keep this in mind when looking at this report.

Summit Argo, IL

Tue May 30 2023
This week the median list price for Summit Argo, IL is $315,000 with the market action index hovering around 53. This is less than last month's market action index of 55. Inventory has decreased to 3. Click here to stay informed with the Summit Argo market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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.

Summit Argo, IL

Tue May 30 2023
This week the median list price for Summit Argo, IL is $315,000 with the market action index hovering around 53. This is less than last month's market action index of 55. Inventory has decreased to 3. Click here to stay informed with the Summit Argo market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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 Summit Argo market.
Median List Price $315,000
Median Price of New Listings $0
Per Square Foot $301
Average Days on Market 37
Median Days on Market 42
Price Decreased 67%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 53
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$319,900 1,006 4,500 - 6,500 sqft 3 2 107 0 0 14
$315,000 1,323 0 - 4,500 sqft 3 1.5 71 0 0 56
$258,900 858 - 2 1.5 120 0 1 42