Is 61350, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 61350 has remained a Seller's Market.
Housing Prices in 61350, IL
How much do homes in 61350, IL cost?
Median Sold Price
$171,750
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 61350 was $171,750 in March 2024, up 8.7% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66K | $165K | +150.0% |
2 Bedrooms | $120K | $140K | +16.7% |
3 Bedrooms | $160.2K | $175K | +9.2% |
4 Bedrooms | $230K | $237.2K | +3.2% |
5+ Bedrooms | $200K | $320.2K | +60.1% |
Summary: 61350 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 60.1%.
Median Sold Price Compared To Nearby Zip Codes
61350 | $158K | $171.7K | +8.7% |
61341 | $197.9K | $185K | -6.5% |
Housing Supply in 61350, IL
How many homes are available in 61350, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 65 | +25.0% |
Summary: The 61350 real estate market had 65 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 22 | 29 | +31.8% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 61350 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 61350 in March 2024, up by 25.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 7% were sold at asking, and 33% were sold over asking.
Days on Market for 61350, IL
How long does it take to sell a home in 61350, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 43 Days | -30.3% |
Summary: Homes in 61350 had an average of 43 days on market in Mar 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 61350; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.