Is 61265, 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, 61265 has remained a Seller's Market.
Key Takeaway
61265 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61265, IL
How much do homes in 61265, IL cost?
Median Sold Price
$150,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 61265 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 61265 was $150,000 in April 2024, up 10.4% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60.5K | $63.2K | +4.5% |
| 2 Bedrooms | $115K | $120K | +4.3% |
| 3 Bedrooms | $145K | $162K | +11.7% |
| 4 Bedrooms | $185K | $198K | +7.0% |
| 5+ Bedrooms | $225K | $295K | +31.1% |
Summary: 61265 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 31.1%.
Housing Supply in 61265, IL
How many homes are available in 61265, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 99 | 117 | +18.2% |
Summary: The 61265 real estate market had 117 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 29 | 31 | +6.9% |
| 3 Bedrooms | 43 | 54 | +25.6% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 61265 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 24 | -22.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61265, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 61265 in April 2024, down by 22.6% month-over-month. Of the 24 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for 61265, IL
How long does it take to sell a home in 61265, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 28 Days | +66.8% |
Summary: Homes in 61265 had an average of 28 days on market in Apr 2024, up by 66.8% compared to last year.
Breakdown of Home Sale Times
19 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 61265 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in 61265; 79% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.