Is 61104, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 61104 has remained a Seller's Market.
Housing Prices in 61104, IL
How much do homes in 61104, IL cost?
Median Sold Price
$90,000
$63/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 61104 was $90,000 in March 2024, up 20.8% from last year, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $141K | N/A |
2 Bedrooms | $61.7K | $65.5K | +6.1% |
3 Bedrooms | $82K | $87K | +6.1% |
4 Bedrooms | $75K | $98.4K | +31.3% |
5+ Bedrooms | $90.9K | $110.7K | +21.8% |
Summary: 61104 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 21.8%.
Housing Supply in 61104, IL
How many homes are available in 61104, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
Summary: The 61104 real estate market had 23 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 6 | 2 | -66.7% |
Summary: The 61104 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 61104 in March 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 61104, IL
How long does it take to sell a home in 61104, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 30 Days | -37.8% |
Summary: Homes in 61104 had an average of 30 days on market in Mar 2024, down by 37.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in 61104; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.