Altos Market Data for Realtors

Summit Argo, IL

Single-Family Homes

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Summit Argo, IL

Tue Sep 21 2021
This week the median list price for Summit Argo, IL is $279,900 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has held steady at or around 9. 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 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.

Summit Argo, IL

Tue Sep 21 2021
This week the median list price for Summit Argo, IL is $279,900 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has held steady at or around 9. 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 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 Summit Argo market.
Median List Price $279,900
Median Price of New Listings $297,400
Per Square Foot $165
Average Days on Market 61
Median Days on Market 35
Price Decreased 56%
Price Increased 0%
Relisted 22%
Inventory 9
Median Rent
Market Action 51
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
$474,949 2,261 0 - 4,500 sqft 3 3 43 1 0 3
$442,400 2,696 6,500 - 8,000 sqft 4 3 5 0 1 84
$274,900 1,480 0 - 4,500 sqft 3 2 71 0 0 56
$189,900 1,668 0 - 4,500 sqft 3 2 107 1 1 14