Is 61356, 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, 61356 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $55K | $79K | +43.6% |
2 Bedrooms | $85.7K | $86.4K | +0.8% |
3 Bedrooms | $138.5K | $150K | +8.3% |
4 Bedrooms | $175K | $185K | +5.7% |
5+ Bedrooms | $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 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 32 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 15 | 11 | -26.7% |
5+ Bedrooms | 2 | 2 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 8 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 11 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
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.