Altos Market Data for Realtors

Western Springs, IL

Single-Family Homes

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Western Springs, IL

Tue May 30 2023
This week the median list price for Western Springs, IL is $795,000 with the market action index hovering around 49. This is less than last month's market action index of 55. Inventory has decreased to 17. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Western Springs, IL

Tue May 30 2023
This week the median list price for Western Springs, IL is $795,000 with the market action index hovering around 49. This is less than last month's market action index of 55. Inventory has decreased to 17. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Western Springs market.
Median List Price $795,000
Median Price of New Listings $0
Per Square Foot $319
Average Days on Market 88
Median Days on Market 21
Price Decreased 35%
Price Increased 0%
Relisted 24%
Inventory 17
Median Rent
Market Action 49
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$1,830,280 4,045 0.25 - 0.5 acre 4 4.8 2 0 0 52
$1,112,000 4,315 6,500 - 8,000 sqft 4 4.3 8 0 1 21
$674,500 2,260 8,000 - 10,000 sqft 4 2.3 82 0 1 14
$458,555 1,826 6,500 - 8,000 sqft 3 2 83 0 0 49