Altos Market Data for Realtors

West Chicago, IL

Single-Family Homes

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West Chicago, IL

Tue May 30 2023
This week the median list price for West Chicago, IL is $512,495 with the market action index hovering around 74. This is an increase over last month's market action index of 68. Inventory has decreased to 14. Click here to stay informed with the West Chicago market!

Market Action Index

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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

West Chicago, IL

Tue May 30 2023
This week the median list price for West Chicago, IL is $512,495 with the market action index hovering around 74. This is an increase over last month's market action index of 68. Inventory has decreased to 14. Click here to stay informed with the West Chicago market!

Market Action Index

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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the West Chicago market.
Median List Price $512,495
Median Price of New Listings $412,450
Per Square Foot $188
Average Days on Market 72
Median Days on Market 39
Price Decreased 43%
Price Increased 0%
Relisted 7%
Inventory 14
Median Rent
Market Action 74
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
$1,575,000 7,369 10 - 20 acres 4 5.5 31 0 0 175
$585,000 2,800 0.5 - 1 acre 4 2.5 31 1 0 7
$482,495 2,808 0.25 - 0.5 acre 4 3.5 29 1 2 28
$374,900 2,229 0.25 - 0.5 acre 5 3 50 2 3 38