Is 61071, 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, 61071 was a Seller's Market.
Housing Prices in 61071, IL
How much do homes in 61071, IL cost?
Median Sold Price
$102,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61071 was $102,000 in April 2024, up 4.3% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.5K | $55K | +2.8% |
2 Bedrooms | $65.7K | $72K | +9.5% |
3 Bedrooms | $121K | $129.9K | +7.4% |
4 Bedrooms | $122.4K | $129.9K | +6.1% |
5+ Bedrooms | $81K | $179.6K | +121.8% |
Summary: 61071 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 121.8%.
Median Sold Price Compared To Nearby Zip Codes
61071 | $97.7K | $102K | +4.3% |
61081 | $115K | $119.4K | +3.9% |
Housing Supply in 61071, IL
How many homes are available in 61071, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 33 | -5.7% |
Summary: The 61071 real estate market had 33 homes for sale in April 2024, a 5.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 3 | 1 | -66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 61071 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 5 | -61.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 61071 in April 2024, down by 61.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 61071, IL
How long does it take to sell a home in 61071, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 22 Days | -60.6% |
Summary: Homes in 61071 had an average of 22 days on market in Apr 2024, down by 60.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in 61071; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.