Is 61401, 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, 61401 has remained a Seller's Market.
Housing Prices in 61401, IL
How much do homes in 61401, IL cost?
Median Sold Price
$99,600
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61401 was $99,600 in April 2024, up 4.8% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $41K | $41.2K | +0.6% |
2 Bedrooms | $74.9K | $74.9K | 0.1% |
3 Bedrooms | $105K | $108K | +2.9% |
4 Bedrooms | $138.5K | $145.9K | +5.4% |
5+ Bedrooms | $117.5K | $162K | +37.9% |
Summary: 61401 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 37.9%.
Median Sold Price Compared To Nearby Zip Codes
61448 | $124.2K | $153.5K | +23.5% |
61401 | $95K | $99.6K | +4.8% |
Housing Supply in 61401, IL
How many homes are available in 61401, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 98 | +16.7% |
Summary: The 61401 real estate market had 98 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 42 | 49 | +16.7% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The 61401 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 22 | -21.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 61401 in April 2024, down by 21.4% month-over-month. Of the 22 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% were sold over asking.
Days on Market for 61401, IL
How long does it take to sell a home in 61401, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 23 Days | -56.3% |
Summary: Homes in 61401 had an average of 23 days on market in Apr 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in 61401; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.