Is 61342, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61342 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 61342 has remained a Seller's Market.

Key Takeaway

61342 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61342, IL

How much do homes in 61342, IL cost?

Median Sold Price

$135,000

$85/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$12,050(+9.8%)

Key Takeaway

Homes in 61342 have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in 61342 was $135,000 in April 2024, up 9.8% from last year, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $96.5K$82.5K
-14.5%
3 $139.9K$149.9K
+7.2%
4 $102K$135K
+32.4%
5+ $92.1K$213K
+131.2%

Summary: 61342 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 14.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 131.2%.

Median Sold Price Compared To Nearby Zip Codes

61342
+9.8%
60518
-5.1%

Housing Supply in 61342, IL

How many homes are available in 61342, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1918-5.3%

Summary: The 61342 real estate market had 18 homes for sale in April 2024, a 5.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 22
0.0%
3 119
-18.2%
4 23
+50.0%
5+ 33
0.0%

Summary: The 61342 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 18.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61342, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in 61342 in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.

Days on Market for 61342, IL

How long does it take to sell a home in 61342, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
24 Days10 Days-56.2%

Summary: Homes in 61342 had an average of 10 days on market in Apr 2024, down by 56.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61342 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in 61342; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

Newest Listings in 61342, IL

Nearby Markets to 61342, IL