Is 61410, 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, 61410 has remained a Seller's Market.
Key Takeaway
61410 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61410, IL
How much do homes in 61410, IL cost?
Median Sold Price
$78,000
$60/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 61410 have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in 61410 was $78,000 in April 2024, up 16.4% from last year, and the median price per square foot was $60.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $35K | N/A |
| 2 Bedrooms | $45.3K | $49.5K | +9.1% |
| 3 Bedrooms | $92K | $88K | -4.3% |
| 4 Bedrooms | $98.5K | $144.9K | +47.1% |
| 5+ Bedrooms | $101.9K | $75K | -26.4% |
Summary: 61410 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes decreased by 26.4%.
Median Sold Price Compared To Nearby Zip Codes
| 61410 | $67K | $78K | +16.4% |
| 61401 | $95K | $99.6K | +4.8% |
Housing Supply in 61410, IL
How many homes are available in 61410, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The 61410 real estate market had 11 homes for sale in April 2024, a 21.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 61410 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61410, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 61410 in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 61410, IL
How long does it take to sell a home in 61410, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 107 Days | +192.1% |
Summary: Homes in 61410 had an average of 107 days on market in Apr 2024, up by 192.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 61410 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 3 homes were sold in 61410; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.