Is 61064, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61064 is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 61064 was a Neutral Market.

Key Takeaway

61064 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61064, IL

How much do homes in 61064, IL cost?

Median Sold Price

$122,000

$75/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,100(+15.2%)

Key Takeaway

Homes in 61064 have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in 61064 was $122,000 in April 2024, up 15.2% from last year, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $97.2K$119.7K
+23.1%
3 $103K$135K
+31.1%
4 $144K$112K
-22.2%
5+ $252.5K$98K
-61.2%

Summary: 61064 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 23.1%, 3 bedroom homes increased by 31.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 61.2%.

Median Sold Price Compared To Nearby Zip Codes

61064
+15.2%
61051
+2.8%
61030
-15.9%

Housing Supply in 61064, IL

How many homes are available in 61064, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2019-5.0%

Summary: The 61064 real estate market had 19 homes for sale in April 2024, a 5.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 67
+16.7%
4 88
0.0%
5+ 21
-50.0%

Summary: The 61064 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61064, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 61064 in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 61064, IL

How long does it take to sell a home in 61064, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
12 Days62 Days+418.8%

Summary: Homes in 61064 had an average of 62 days on market in Apr 2024, up by 418.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61064 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in 61064; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 8 Days Ago

Newest Listings in 61064, IL

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