Altos Market Data for Realtors

Gurnee, IL

Single-Family Homes

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Gurnee, IL

Tue Jul 15 2025
This week the median list price for Gurnee, IL is $465,000 with the market action index hovering around 72. This is an increase over last month's market action index of 68. Inventory has increased to 29. Click here to stay informed with the Gurnee market!

Market Action Index

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

Strong Seller's Market

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Gurnee, IL

Tue Jul 15 2025
This week the median list price for Gurnee, IL is $465,000 with the market action index hovering around 72. This is an increase over last month's market action index of 68. Inventory has increased to 29. Click here to stay informed with the Gurnee market!

Market Action Index

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

Strong Seller's Market

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Gurnee market.
Median List Price $465,000
Median Price of New Listings $442,450
Per Square Foot $192
Average Days on Market 32
Median Days on Market 21
Price Decreased 34%
Price Increased 0%
Relisted 17%
Inventory 29
Median Rent
Market Action 72
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
$644,450 3,547 0.25 - 0.5 acre 5 4.3 29 1 3 21
$485,000 2,463 6,500 - 8,000 sqft 4 3 29 1 2 14
$419,000 1,980 - 3 2.5 37 1 4 7
$295,000 1,695 - 3 1.5 57 1 4 35