Is 61348, 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, 61348 has remained a Seller's Market.
Housing Prices in 61348, IL
How much do homes in 61348, IL cost?
Median Sold Price
$139,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61348 was $139,000 in April 2024, up 18.8% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93K | $250K | +168.8% |
2 Bedrooms | $125K | $100K | -20.0% |
3 Bedrooms | $117K | $144.5K | +23.5% |
4 Bedrooms | $75.5K | $220K | +191.4% |
5+ Bedrooms | $345.5K | $290K | -16.1% |
Summary: 61348 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 168.8%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 191.4%, and 5+ bedroom homes decreased by 16.1%.
Housing Supply in 61348, IL
How many homes are available in 61348, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Summary: The 61348 real estate market had 13 homes for sale in April 2024, a 7.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61348 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 61348 in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 61348, IL
How long does it take to sell a home in 61348, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
191 Days | 14 Days | -92.3% |
Summary: Homes in 61348 had an average of 14 days on market in Apr 2024, down by 92.3% compared to last year.
Breakdown of Home Sale Times
4 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, 5 homes were sold in 61348; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.