Is 61073, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 61073 has remained a Seller's Market.
Housing Prices in 61073, IL
How much do homes in 61073, IL cost?
Median Sold Price
$275,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61073 was $275,000 in April 2024, down 3.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $478K | - | N/A |
2 Bedrooms | $130K | $171.5K | +31.9% |
3 Bedrooms | $253K | $260K | +2.8% |
4 Bedrooms | $313.2K | $303.7K | -3.0% |
5+ Bedrooms | $384.9K | $407.5K | +5.9% |
Summary: 61073 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 31.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Zip Codes
61103 | $108K | $120K | +11.1% |
61115 | $162K | $167.9K | +3.6% |
61073 | $285K | $275K | -3.5% |
Housing Supply in 61073, IL
How many homes are available in 61073, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 38 | +40.7% |
Summary: The 61073 real estate market had 38 homes for sale in April 2024, a 40.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 7 | +133.3% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 61073 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 increased by 133.3%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 61073 in April 2024, up by 75.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for 61073, IL
How long does it take to sell a home in 61073, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 19 Days | -49.8% |
Summary: Homes in 61073 had an average of 19 days on market in Apr 2024, down by 49.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in 61073; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.