Altos Market Data for Realtors

Westchester, IL

Single-Family Homes

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Westchester, IL

Tue Sep 21 2021
This week the median list price for Westchester, IL is $300,000 with the market action index hovering around 59. This is less than last month's market action index of 63. Inventory has increased to 38. Click here to stay informed with the Westchester 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.

Westchester, IL

Tue Sep 21 2021
This week the median list price for Westchester, IL is $300,000 with the market action index hovering around 59. This is less than last month's market action index of 63. Inventory has increased to 38. Click here to stay informed with the Westchester 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 Westchester market.
Median List Price $300,000
Median Price of New Listings $337,450
Per Square Foot $227
Average Days on Market 53
Median Days on Market 39
Price Decreased 37%
Price Increased 3%
Relisted 24%
Inventory 38
Median Rent $2,200
Market Action 59
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
$385,000 1,600 6,500 - 8,000 sqft 3 2 60 3 0 21
$335,000 1,548 6,500 - 8,000 sqft 3 2 66 3 3 28
$289,450 1,204 6,500 - 8,000 sqft 3 1 66 2 1 59
$237,000 1,037 4,500 - 6,500 sqft 2 1 68 2 3 45