Is 61101, 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, 61101 has remained a Seller's Market.
Housing Prices in 61101, IL
How much do homes in 61101, IL cost?
Median Sold Price
$88,000
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61101 was $88,000 in April 2024, up 17.4% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $51.2K | $67.5K | +31.7% |
2 Bedrooms | $55K | $69.9K | +27.1% |
3 Bedrooms | $74.9K | $89K | +18.7% |
4 Bedrooms | $111K | $112.4K | +1.3% |
5+ Bedrooms | $119.9K | $169.5K | +41.4% |
Summary: 61101 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.7%, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 41.4%.
Median Sold Price Compared To Nearby Zip Codes
61102 | $60K | $90K | +50.0% |
61101 | $74.9K | $88K | +17.4% |
61103 | $108K | $120K | +11.1% |
61072 | $245K | $255K | +4.1% |
Housing Supply in 61101, IL
How many homes are available in 61101, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 34 | +25.9% |
Summary: The 61101 real estate market had 34 homes for sale in April 2024, a 25.9% increase 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 | 5 | 10 | +100.0% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61101 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 61101 in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for 61101, IL
How long does it take to sell a home in 61101, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 37 Days | +44.8% |
Summary: Homes in 61101 had an average of 37 days on market in Apr 2024, up by 44.8% compared to last year.
Breakdown of Home Sale Times
5 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, 7 homes were sold in 61101; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.