The best list price right now is the one that matches current conditions, not last year's peak.
If you are deciding whether to list now or wait for a better price, I would not build that decision around old expectations. In Monee, IL, the recent numbers still show limited supply, but they also show a typical asking price of $325,000 and a recent monthly dip in asking prices, which makes pricing discipline more important than optimism.
Looking at recent activity, Monee, IL had 1.09 months of supply, which keeps the market in seller-favorable territory, yet the typical asking price for active homes was $325,000 last month after a 2.7% monthly decline. The typical closed price was $303,000, and offers landed around 100.2% of asking.
That combination matters for sellers because low supply does not give every listing unlimited pricing power. My read is simple buyers are still paying up for the right house, but they are doing it around current value, not around an aspirational number carried over from a stronger list-price period. In Monee, IL, that means the homes that look sharp and enter at the right number have the clearest path.
Price from today's competition, not from last year's memory. Study where your home fits around the recent $325,000 asking pace and the $303,000 closed pace. Fix the condition issues that weaken first impressions, then launch with a number buyers can justify quickly.
