Is 61254, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 61254 was a Buyer's Market.
Housing Prices in 61254, IL
How much do homes in 61254, IL cost?
Median Sold Price
$215,900
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 61254 was $215,900 in March 2024, up 16.1% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $38K | $97.5K | +156.6% |
2 Bedrooms | $119.9K | $152K | +26.7% |
3 Bedrooms | $175K | $215K | +22.9% |
4 Bedrooms | $227.4K | $240K | +5.5% |
5+ Bedrooms | $334.4K | $270K | -19.2% |
Summary: 61254 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 156.6%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 19.2%.
Median Sold Price Compared To Nearby Zip Codes
61254 | $186K | $215.9K | +16.1% |
61241 | $165K | $181K | +9.7% |
Housing Supply in 61254, IL
How many homes are available in 61254, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 24 | 0.0% |
Summary: The 61254 real estate market had 24 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 6 | -33.3% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 61254 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 61254 in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for 61254, IL
How long does it take to sell a home in 61254, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 24 Days | -19.2% |
Summary: Homes in 61254 had an average of 24 days on market in Mar 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 61254; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.