Is 61065, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61065 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 61065 has remained a Seller's Market.

Key Takeaway

61065 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61065, IL

How much do homes in 61065, IL cost?

Median Sold Price

$232,500

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$12,500(+5.7%)

Key Takeaway

Homes in 61065 have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in 61065 was $232,500 in April 2024, up 5.7% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $167.4K$165K
-1.5%
3 $215K$240K
+11.6%
4 $220K$224K
+1.8%
5+ $225K$243K
+8.0%

Summary: 61065 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 decreased by 1.5%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Zip Codes

61008
+17.5%
61065
+5.7%
53525
+2.1%

Housing Supply in 61065, IL

How many homes are available in 61065, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2431+29.2%

Summary: The 61065 real estate market had 31 homes for sale in April 2024, a 29.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1216
+33.3%
4 913
+44.4%
5+ 11
0.0%

Summary: The 61065 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 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61065, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in 61065 in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 61065, IL

How long does it take to sell a home in 61065, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days32 Days+2.1%

Summary: Homes in 61065 had an average of 32 days on market in Apr 2024, up by 2.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61065 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 6 homes were sold in 61065; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 4 Days Ago

Newest Listings in 61065, IL

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