Is 61231, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 61231 was a Seller's Market.
Housing Prices in 61231, IL
How much do homes in 61231, IL cost?
Median Sold Price
$127,000
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61231 was $127,000 in April 2024, up 18.1% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84K | $31K | -63.1% |
2 Bedrooms | $73.4K | $87.5K | +19.1% |
3 Bedrooms | $110.4K | $124.7K | +12.9% |
4 Bedrooms | $192K | $182.5K | -4.9% |
5+ Bedrooms | - | $204.9K | N/A |
Summary: 61231 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63.1%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes did not change.
Housing Supply in 61231, IL
How many homes are available in 61231, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Summary: The 61231 real estate market had 13 homes for sale in April 2024, a 7.1% decrease 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 | 3 | 3 | 0.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 61231 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 61231 in April 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 61231, IL
How long does it take to sell a home in 61231, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 11 Days | -76.3% |
Summary: Homes in 61231 had an average of 11 days on market in Apr 2024, down by 76.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in 61231; 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.