Altos Market Data for Realtors

West Chicago, IL

Single-Family Homes

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West Chicago, IL

Tue Sep 21 2021
This week the median list price for West Chicago, IL is $384,750 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has decreased to 36. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

West Chicago, IL

Tue Sep 21 2021
This week the median list price for West Chicago, IL is $384,750 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has decreased to 36. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the West Chicago market.
Median List Price $384,750
Median Price of New Listings $429,500
Per Square Foot $182
Average Days on Market 63
Median Days on Market 42
Price Decreased 33%
Price Increased 0%
Relisted 11%
Inventory 36
Median Rent $1,900
Market Action 51
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$545,000 2,768 1 - 2.5 acres 4 2 27 3 2 21
$429,500 2,240 0.5 - 1 acre 4 2 50 2 1 28
$350,000 1,973 0.5 - 1 acre 3 2 47 0 2 56
$265,000 1,442 8,000 - 10,000 sqft 3 2 63 2 1 56