Is 61109, 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, 61109 has remained a Seller's Market.
Housing Prices in 61109, IL
How much do homes in 61109, IL cost?
Median Sold Price
$150,500
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61109 was $150,500 in April 2024, down 5.9% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.2K | $188K | +281.7% |
2 Bedrooms | $66.4K | $70K | +5.4% |
3 Bedrooms | $176.5K | $172.5K | -2.3% |
4 Bedrooms | $183K | $204K | +11.5% |
5+ Bedrooms | $340K | $252.5K | -25.7% |
Summary: 61109 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 281.7%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 25.7%.
Housing Supply in 61109, IL
How many homes are available in 61109, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 40 | +8.1% |
Summary: The 61109 real estate market had 40 homes for sale in April 2024, a 8.1% 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 | 4 | 9 | +125.0% |
3 Bedrooms | 24 | 19 | -20.8% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 61109 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 increased by 125%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 61109 in April 2024, the same as the previous month. Of the 13 sold homes, 15% were sold under asking, 31% were sold at asking, and 54% were sold over asking.
Days on Market for 61109, IL
How long does it take to sell a home in 61109, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 10 Days | -82.4% |
Summary: Homes in 61109 had an average of 10 days on market in Apr 2024, down by 82.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in 61109; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.