Is 61102, 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, 61102 has remained a Seller's Market.
Housing Prices in 61102, IL
How much do homes in 61102, IL cost?
Median Sold Price
$90,000
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61102 was $90,000 in April 2024, up 50% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $28.4K | $50K | +75.7% |
2 Bedrooms | $37K | $98.2K | +165.5% |
3 Bedrooms | $80.1K | $89.9K | +12.3% |
4 Bedrooms | $56.7K | $235K | +314.1% |
5+ Bedrooms | $105.3K | $80K | -24.0% |
Summary: 61102 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.7%, 2 bedroom homes increased by 165.5%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 314.1%, and 5+ bedroom homes decreased by 24%.
Housing Supply in 61102, IL
How many homes are available in 61102, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 28 | +3.7% |
Summary: The 61102 real estate market had 28 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 61102 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 61102 in April 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for 61102, IL
How long does it take to sell a home in 61102, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 74 Days | +282.9% |
Summary: Homes in 61102 had an average of 74 days on market in Apr 2024, up by 282.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 61102; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.