Is 61108, 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, 61108 has remained a Seller's Market.
Housing Prices in 61108, IL
How much do homes in 61108, IL cost?
Median Sold Price
$162,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61108 was $162,000 in April 2024, up 11.7% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $57.5K | $96K | +67.0% |
2 Bedrooms | $131K | $149K | +13.7% |
3 Bedrooms | $142.3K | $160K | +12.4% |
4 Bedrooms | $176K | $175K | -0.6% |
5+ Bedrooms | $198.7K | $299.5K | +50.7% |
Summary: 61108 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 50.7%.
Housing Supply in 61108, IL
How many homes are available in 61108, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 49 | -5.8% |
Summary: The 61108 real estate market had 49 homes for sale in April 2024, a 5.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 10 | -28.6% |
3 Bedrooms | 29 | 31 | +6.9% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61108 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 decreased by 28.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 19 | -13.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 61108 in April 2024, down by 13.6% month-over-month. Of the 19 sold homes, 21% were sold under asking, 16% were sold at asking, and 63% were sold over asking.
Days on Market for 61108, IL
How long does it take to sell a home in 61108, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 29 Days | +57.7% |
Summary: Homes in 61108 had an average of 29 days on market in Apr 2024, up by 57.7% compared to last year.
Breakdown of Home Sale Times
13 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 61108; 68% 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.