Is 61356, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61356 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 61356 has remained a Seller's Market.

Key Takeaway

61356 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61356, IL

How much do homes in 61356, IL cost?

Median Sold Price

$145,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$9,000(+6.6%)

Key Takeaway

Homes in 61356 have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in 61356 was $145,000 in April 2024, up 6.6% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $55K$79K
+43.6%
2 $85.7K$86.4K
+0.8%
3 $138.5K$150K
+8.3%
4 $175K$185K
+5.7%
5+ $150K$166K
+10.7%

Summary: 61356 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.6%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 10.7%.

Housing Supply in 61356, IL

How many homes are available in 61356, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3932-17.9%

Summary: The 61356 real estate market had 32 homes for sale in April 2024, a 17.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 1211
-8.3%
4 1511
-26.7%
5+ 22
0.0%

Summary: The 61356 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 decreased by 22.2%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61356, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 61356 in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for 61356, IL

How long does it take to sell a home in 61356, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
79 Days11 Days-86.1%

Summary: Homes in 61356 had an average of 11 days on market in Apr 2024, down by 86.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61356 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 8 homes were sold in 61356; 88% of homes were sold within 30 days, 13% 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 5 Days Ago

Newest Listings in 61356, IL

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