January 2016 Single Family Housing Market

Romeoville, IL 60446

Single Family data taken from the MRED MLS

In the last 30 days there were 26 closed sales of detached homes, 47 went under contract and there were 40 new listings

In the last 12 months median sales prices decreased -1.5%

Marketing Time increased +11.1% to an average of 90 days on the market

Now there is a 3.1 Month Supply of Inventory at the current level of absorption, this level is considered in balance.

Distressed sales, Bank Owned and Short Sales account for approximately 40% of total sales

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