Altos Market Data for Realtors
Ringwood, IL
Single-Family Homes
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Ringwood, IL
Fri Apr 19 2024
This week the median list price for Ringwood, IL is $615,000 with the market action index hovering around 14. This is less than last month's market action index of 16. Inventory has increased to 2.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Buyer's Market
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $615,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $176 | |
| Average Days on Market | 77 | |
| Median Days on Market | 77 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 50% | |
| Inventory | 2 | |
| Median Rent | ||
| Market Action | 14 | |
| Strong Buyer's Market | ||
Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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 |
|---|---|---|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| $825,000 | 6,475 | 1 - 2.5 acres | 7 | 4 | 20 | 0 | 0 | 133 |
| $405,000 | 1,788 | 5 - 10 acres | 3 | 1.5 | 52 | 0 | 0 | 21 |