Is 61270, 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, 61270 was a Buyer's Market.
Housing Prices in 61270, IL
How much do homes in 61270, IL cost?
Median Sold Price
$138,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61270 was $138,000 in April 2024, up 4.5% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136.3K | $115.5K | -15.3% |
2 Bedrooms | $92.5K | $83K | -10.3% |
3 Bedrooms | $139.7K | $136.2K | -2.5% |
4 Bedrooms | $148K | $177.5K | +19.9% |
5+ Bedrooms | $167.4K | $218K | +30.2% |
Summary: 61270 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.3%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 30.2%.
Median Sold Price Compared To Nearby Zip Codes
61261 | $86.2K | $155K | +79.7% |
61252 | $127K | $143.2K | +12.8% |
61270 | $132K | $138K | +4.5% |
Housing Supply in 61270, IL
How many homes are available in 61270, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 22 | -4.3% |
Summary: The 61270 real estate market had 22 homes for sale in April 2024, a 4.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 13 | 11 | -15.4% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61270 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 61270 in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 61270, IL
How long does it take to sell a home in 61270, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
1 Days | 27 Days | +1570.0% |
Summary: Homes in 61270 had an average of 27 days on market in Apr 2024, up by 1570% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in 61270; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.