Is 61310, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61310 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 61310 has remained a Seller's Market.

Key Takeaway

61310 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61310, IL

How much do homes in 61310, IL cost?

Median Sold Price

$119,950

$96/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$231,300(-65.9%)

Key Takeaway

Homes in 61310 have sold for 65.9% less than they did a month ago.

Summary: The median home sold price in 61310 was $119,950 in April 2024, down 65.9% from last month, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $351.2K$119.9K
-65.9%
4 --
N/A
5+ --
N/A

Summary: 61310 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 65.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61349
-48.9%
61310
-65.9%

Housing Supply in 61310, IL

How many homes are available in 61310, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1110-9.1%

Summary: The 61310 real estate market had 10 homes for sale in April 2024, a 9.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 00
0.0%
3 65
-16.7%
4 11
0.0%
5+ 33
0.0%

Summary: The 61310 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61310, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 61310 in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 61310, IL

How long does it take to sell a home in 61310, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
136 Days166 Days+22.0%

Summary: Homes in 61310 had an average of 166 days on market in Apr 2024, up by 22% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 61310 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 2 homes were sold in 61310; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in 61310, IL

Nearby Markets to 61310, IL