Is 61021, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61021 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 61021 has remained a Seller's Market.

Key Takeaway

61021 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$26,600(+20.0%)

Key Takeaway

Homes in 61021 have sold for 20% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $72.5K$140K
+93.1%
2 $95K$119.5K
+25.8%
3 $145.7K$170K
+16.6%
4 $149.7K$187.5K
+25.2%
5+ $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
+20.0%
61064
+12.4%

Housing Supply in 61021, IL

How many homes are available in 61021, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6268+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

# BEDSFeb 2024Mar 2024CHANGE
1 34
+33.3%
2 1615
-6.3%
3 3136
+16.1%
4 89
+12.5%
5+ 44
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 2024Mar 2024CHANGE
1622+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61021, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
86 Days30 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61021 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in 61021, IL

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