Altos Market Data for Realtors

Western Springs, IL

Single-Family Homes

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Western Springs, IL

Tue Sep 21 2021
This week the median list price for Western Springs, IL is $699,400 with the market action index hovering around 31. This is less than last month's market action index of 36. Inventory has increased to 47. Click here to stay informed with the Western Springs market!

Market Action Index

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

Slight Seller's Advantage

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.

Western Springs, IL

Tue Sep 21 2021
This week the median list price for Western Springs, IL is $699,400 with the market action index hovering around 31. This is less than last month's market action index of 36. Inventory has increased to 47. Click here to stay informed with the Western Springs market!

Market Action Index

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

Slight Seller's Advantage

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 Western Springs market.
Median List Price $699,400
Median Price of New Listings $689,900
Per Square Foot $296
Average Days on Market 70
Median Days on Market 49
Price Decreased 47%
Price Increased 2%
Relisted 28%
Inventory 47
Median Rent $2,100
Market Action 31
Slight Seller's Advantage

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
$1,434,900 4,268 0.25 - 0.5 acre 5 5 16 1 1 35
$874,000 3,386 8,000 - 10,000 sqft 4 3 55 2 0 35
$569,950 2,148 8,000 - 10,000 sqft 4 2 57 2 1 56
$419,950 1,312 8,000 - 10,000 sqft 3 2 69 2 2 66