Is 61107, 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, 61107 has remained a Seller's Market.
Housing Prices in 61107, IL
How much do homes in 61107, IL cost?
Median Sold Price
$192,333
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61107 was $192,333 in April 2024, up 13.1% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116.9K | $103K | -11.9% |
2 Bedrooms | $120.5K | $150K | +24.5% |
3 Bedrooms | $165K | $180K | +9.1% |
4 Bedrooms | $218.7K | $223.7K | +2.3% |
5+ Bedrooms | $259.9K | $262.5K | +1.0% |
Summary: 61107 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 1%.
Housing Supply in 61107, IL
How many homes are available in 61107, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 61 | +13.0% |
Summary: The 61107 real estate market had 61 homes for sale in April 2024, a 13.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 21 | 29 | +38.1% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 61107 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 38.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 19 | +35.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 61107 in April 2024, up by 35.7% month-over-month. Of the 19 sold homes, 53% were sold under asking, 11% were sold at asking, and 37% were sold over asking.
Days on Market for 61107, IL
How long does it take to sell a home in 61107, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 26 Days | -36.0% |
Summary: Homes in 61107 had an average of 26 days on market in Apr 2024, down by 36% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in 61107; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.