Is 61061, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 61061 was a Buyer's Market.
Housing Prices in 61061, IL
How much do homes in 61061, IL cost?
Median Sold Price
$197,500
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61061 was $197,500 in April 2024, up 14.5% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $77K | N/A |
2 Bedrooms | $132.5K | $167K | +26.0% |
3 Bedrooms | $181.4K | $195K | +7.5% |
4 Bedrooms | $210K | $237.5K | +13.1% |
5+ Bedrooms | $246.5K | $420.7K | +70.7% |
Summary: 61061 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 70.7%.
Housing Supply in 61061, IL
How many homes are available in 61061, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Summary: The 61061 real estate market had 18 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 61061 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 61061 in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 61061, IL
How long does it take to sell a home in 61061, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
141 Days | 61 Days | -56.7% |
Summary: Homes in 61061 had an average of 61 days on market in Apr 2024, down by 56.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 61061; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.