Is 61068, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 61068 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $110K | $301.4K | +174.0% |
3 Bedrooms | $197.4K | $153K | -22.5% |
4 Bedrooms | $105K | $307K | +192.4% |
5+ Bedrooms | - | - | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 43 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 21 | 27 | +28.6% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 0 | 1 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 15 | +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
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 2024 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 39 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
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.