Altos Market Data for Realtors
Burbank, IL
Single-Family Homes
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Burbank, IL
Fri Apr 26 2024
This week the median list price for Burbank, IL is $329,900 with the market action index hovering around 53. This is less than last month's market action index of 54. Inventory has increased to 37.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $329,900 | |
| Median Price of New Listings | $285,000 | |
| Per Square Foot | $231 | |
| Average Days on Market | 93 | |
| Median Days on Market | 42 | |
| Price Decreased | 49% | |
| Price Increased | 3% | |
| Relisted | 30% | |
| Inventory | 37 | |
| Median Rent | ||
| Market Action | 53 | |
| Strong Seller's Market | ||
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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 |
|---|---|---|---|---|---|---|---|---|
| $495,700 | 2,520 | 4,500 - 6,500 sqft | 4 | 2.5 | 19 | 2 | 0 | 42 |
| $359,900 | 1,207 | 4,500 - 6,500 sqft | 3 | 2 | 61 | 1 | 2 | 42 |
| $319,700 | 1,150 | 0 - 4,500 sqft | 3 | 1.5 | 65 | 2 | 2 | 35 |
| $249,950 | 1,109 | 4,500 - 6,500 sqft | 3 | 1 | 72 | 5 | 4 | 161 |