Is 61244, 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, 61244 has remained a Seller's Market.
Key Takeaway
61244 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61244, IL
How much do homes in 61244, IL cost?
Median Sold Price
$137,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 61244 have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in 61244 was $137,000 in April 2024, up 12.7% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49.5K | $63.7K | +28.8% |
| 2 Bedrooms | $94.5K | $98.2K | +3.9% |
| 3 Bedrooms | $130K | $154K | +18.5% |
| 4 Bedrooms | $187.5K | $193.7K | +3.3% |
| 5+ Bedrooms | $355K | $209.2K | -41.1% |
Summary: 61244 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.8%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 41.1%.
Median Sold Price Compared To Nearby Zip Codes
| 61282 | $129.5K | $165K | +27.4% |
| 61244 | $121.6K | $137K | +12.7% |
Housing Supply in 61244, IL
How many homes are available in 61244, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 50 | -15.3% |
Summary: The 61244 real estate market had 50 homes for sale in April 2024, a 15.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 26 | 16 | -38.5% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 61244 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 14.3%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61244, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 61244 in April 2024, down by 22.7% month-over-month. Of the 17 sold homes, 53% were sold under asking, 18% were sold at asking, and 29% were sold over asking.
Days on Market for 61244, IL
How long does it take to sell a home in 61244, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 27 Days | -12.9% |
Summary: Homes in 61244 had an average of 27 days on market in Apr 2024, down by 12.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61244 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in 61244; 71% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.