Is 61021, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 61021 has remained a Seller's Market.
Housing Prices in 61021, IL
How much do homes in 61021, IL cost?
Median Sold Price
$159,500
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 61021 was $159,500 in March 2024, up 20% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72.5K | $140K | +93.1% |
2 Bedrooms | $95K | $119.5K | +25.8% |
3 Bedrooms | $145.7K | $170K | +16.6% |
4 Bedrooms | $149.7K | $187.5K | +25.2% |
5+ Bedrooms | $270K | $192.5K | -28.7% |
Summary: 61021 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.1%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes decreased by 28.7%.
Median Sold Price Compared To Nearby Zip Codes
61021 | $132.9K | $159.5K | +20.0% |
61064 | $108.5K | $122K | +12.4% |
Housing Supply in 61021, IL
How many homes are available in 61021, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 68 | +9.7% |
Summary: The 61021 real estate market had 68 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 31 | 36 | +16.1% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 61021 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 61021 in March 2024, up by 37.5% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for 61021, IL
How long does it take to sell a home in 61021, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
86 Days | 30 Days | -65.1% |
Summary: Homes in 61021 had an average of 30 days on market in Mar 2024, down by 65.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 61021; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.