Is 61341, 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, 61341 was a Seller's Market.
Housing Prices in 61341, IL
How much do homes in 61341, IL cost?
Median Sold Price
$186,195
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61341 was $186,195 in April 2024, down 6.4% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173.5K | - | N/A |
2 Bedrooms | $131.9K | $120K | -9.0% |
3 Bedrooms | $200K | $200K | 0.0% |
4 Bedrooms | $362.9K | $231K | -36.3% |
5+ Bedrooms | $227.5K | $217.5K | -4.4% |
Summary: 61341 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 36.3%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Zip Codes
61350 | $159.4K | $170K | +6.6% |
61341 | $198.9K | $186.1K | -6.4% |
Housing Supply in 61341, IL
How many homes are available in 61341, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 28 | +3.7% |
Summary: The 61341 real estate market had 28 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 17 | 14 | -17.6% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 61341 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 61341 in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 61341, IL
How long does it take to sell a home in 61341, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 10 Days | -85.8% |
Summary: Homes in 61341 had an average of 10 days on market in Apr 2024, down by 85.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 61341; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.