Is 61068, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61068 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 61068 has remained a Seller's Market.

Key Takeaway

61068 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61068, IL

How much do homes in 61068, IL cost?

Median Sold Price

$203,000

$121/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$27,000(+15.3%)

Key Takeaway

Homes in 61068 have sold for 15.3% more than they did a month ago.

Summary: The median home sold price in 61068 was $203,000 in March 2024, up 15.3% from last month, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $110K$301.4K
+174.0%
3 $197.4K$153K
-22.5%
4 $105K$307K
+192.4%
5+ --
N/A

Summary: 61068 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 174%, 3 bedroom homes decreased by 22.5%, 4 bedroom homes increased by 192.4%, and 5+ bedroom homes did not change.

Housing Supply in 61068, IL

How many homes are available in 61068, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3743+16.2%

Summary: The 61068 real estate market had 43 homes for sale in March 2024, a 16.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 77
0.0%
3 2127
+28.6%
4 98
-11.1%
5+ 01
+100.0%

Summary: The 61068 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
715+114.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61068, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 61068 in March 2024, up by 114.3% month-over-month. Of the 15 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for 61068, IL

How long does it take to sell a home in 61068, IL?

Average Sale Time

Feb 2024Mar 2024CHANGE
44 Days39 Days-12.5%

Summary: Homes in 61068 had an average of 39 days on market in Mar 2024, down by 12.5% compared to last month.

Breakdown of Home Sale Times

9 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 61068 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 15 homes were sold in 61068; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 27 Days Ago

Newest Listings in 61068, IL

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