Altos Market Data for Realtors

Lincolnwood, IL

Single-Family Homes

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Lincolnwood, IL

Sat Apr 20 2024
This week the median list price for Lincolnwood, IL is $760,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has decreased to 7. Click here to stay informed with the Lincolnwood market!

Market Action Index

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

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Lincolnwood, IL

Sat Apr 20 2024
This week the median list price for Lincolnwood, IL is $760,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has decreased to 7. Click here to stay informed with the Lincolnwood market!

Market Action Index

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

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Lincolnwood market.
Median List Price $760,000
Median Price of New Listings $489,000
Per Square Foot $339
Average Days on Market 51
Median Days on Market 28
Price Decreased 43%
Price Increased 0%
Relisted 29%
Inventory 7
Median Rent
Market Action 50
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

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
$1,790,000 3,916 0 - 4,500 sqft 4 5.5 83 0 0 210
$1,062,500 3,489 0.25 - 0.5 acre 5 4.5 65 0 0 31
$705,000 1,847 6,500 - 8,000 sqft 3 2.8 68 0 1 28
$514,500 1,848 4,500 - 6,500 sqft 3 2 79 1 1 14