New Downward Trend in Contracts for Somonauk Real Estate Market

The Somonauk market saw zero homes go under contract, and failed to break out of a budding downward trend. The market had total home sales of three over the last 30 days, maintaining last week's pace. The median sales price remained unchanged over the latest reporting period for Somonauk, coming in at $232,000. With only one month of inventory to sell, Somonauk is a still strong seller's market, even after taking into consideration the falling contracts numbers.

Get started right now by checking out Somonauk homes for sale or reviewing Somonauk real estate trends.

Demographic facts for Somonauk:

  • The median value of all homes in the area is $120,600.
  • The area gets an average of 101 rainy days each year. (U.S. average: 100)
  • This area has an unemployment rate of 8.9%.
  • For every teacher there are 16.9 students in this area. (15.3 = national average)

Data reported through 10/19/2016

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