Is 61115, 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, 61115 has remained a Seller's Market.
Housing Prices in 61115, IL
How much do homes in 61115, IL cost?
Median Sold Price
$167,900
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61115 was $167,900 in April 2024, up 3.6% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68.5K | $74K | +8.0% |
2 Bedrooms | $85K | $105K | +23.5% |
3 Bedrooms | $165.2K | $177K | +7.1% |
4 Bedrooms | $270K | $179.7K | -33.4% |
5+ Bedrooms | $225K | $247.2K | +9.9% |
Summary: 61115 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 33.4%, and 5+ bedroom homes increased by 9.9%.
Housing Supply in 61115, IL
How many homes are available in 61115, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 34 | 0.0% |
Summary: The 61115 real estate market had 34 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 61115 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 19 | +58.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 61115 in April 2024, up by 58.3% month-over-month. Of the 19 sold homes, 16% were sold under asking, 32% were sold at asking, and 53% were sold over asking.
Days on Market for 61115, IL
How long does it take to sell a home in 61115, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 5 Days | -83.8% |
Summary: Homes in 61115 had an average of 5 days on market in Apr 2024, down by 83.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in 61115; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.