Is 61103, 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, 61103 has remained a Seller's Market.
Housing Prices in 61103, IL
How much do homes in 61103, IL cost?
Median Sold Price
$120,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61103 was $120,000 in April 2024, up 11.1% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $35K | -74.1% |
2 Bedrooms | $82K | $110K | +34.1% |
3 Bedrooms | $110K | $120K | +9.1% |
4 Bedrooms | $130K | $139K | +6.9% |
5+ Bedrooms | $123.2K | $146.7K | +19.1% |
Summary: 61103 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 74.1%, 2 bedroom homes increased by 34.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 19.1%.
Housing Supply in 61103, IL
How many homes are available in 61103, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 46 | +12.2% |
Summary: The 61103 real estate market had 46 homes for sale in April 2024, a 12.2% 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 | 7 | 7 | 0.0% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 61103 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 61103 in April 2024, down by 7.7% month-over-month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for 61103, IL
How long does it take to sell a home in 61103, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 33 Days | +11.3% |
Summary: Homes in 61103 had an average of 33 days on market in Apr 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
10 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, 12 homes were sold in 61103; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.