Altos Market Data for Realtors

Westmont, IL

Single-Family Homes

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Westmont, IL

Tue May 30 2023
This week the median list price for Westmont, IL is $360,000 with the market action index hovering around 68. This is less than last month's market action index of 69. Inventory has increased to 11. Click here to stay informed with the Westmont market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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.

Westmont, IL

Tue May 30 2023
This week the median list price for Westmont, IL is $360,000 with the market action index hovering around 68. This is less than last month's market action index of 69. Inventory has increased to 11. Click here to stay informed with the Westmont market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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 Westmont market.
Median List Price $360,000
Median Price of New Listings $359,900
Per Square Foot $207
Average Days on Market 82
Median Days on Market 42
Price Decreased 9%
Price Increased 0%
Relisted 9%
Inventory 11
Median Rent
Market Action 68
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
$725,629 3,053 8,000 - 10,000 sqft 4 3 11 0 0 28
$389,900 1,940 - 4 2 64 1 0 7
$359,900 1,100 - 3 2 70 2 0 0
$340,000 1,890 0.25 - 0.5 acre 4 2 82 0 0 56