Altos Market Data for Realtors

Marengo, IL

Single-Family Homes

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Marengo, IL

Thu Mar 28 2024
This week the median list price for Marengo, IL is $422,915 with the market action index hovering around 51. This is an increase over last month's market action index of 45. Inventory has decreased to 14. Click here to stay informed with the Marengo market!

Market Action Index

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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Marengo, IL

Thu Mar 28 2024
This week the median list price for Marengo, IL is $422,915 with the market action index hovering around 51. This is an increase over last month's market action index of 45. Inventory has decreased to 14. Click here to stay informed with the Marengo market!

Market Action Index

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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Marengo market.
Median List Price $422,915
Median Price of New Listings $541,500
Per Square Foot $176
Average Days on Market 64
Median Days on Market 28
Price Decreased 29%
Price Increased 21%
Relisted 21%
Inventory 14
Median Rent
Market Action 51
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
$1,249,500 5,100 5 - 10 acres 4 4.5 23 1 0 168
$545,000 2,600 1 - 2.5 acres 4 2.5 24 2 0 28
$412,720 2,353 - 4 2.5 0 0 2 91
$212,450 1,468 1 - 2.5 acres 2 2.5 40 1 2 10