Is 61427, 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, 61427 has remained a Seller's Market.
Key Takeaway
61427 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61427, IL
How much do homes in 61427, IL cost?
Median Sold Price
$90,000
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 61427 have sold for 34.1% less than they did a year ago.
Summary: The median home sold price in 61427 was $90,000 in April 2024, down 34.1% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122K | - | N/A |
| 2 Bedrooms | $100.2K | $75K | -25.2% |
| 3 Bedrooms | $200K | $133.5K | -33.3% |
| 4 Bedrooms | $214K | $182.5K | -14.7% |
| 5+ Bedrooms | $80K | - | N/A |
Summary: 61427 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 decreased by 25.2%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 61520 | $90K | $98.5K | +9.4% |
| 61427 | $136.5K | $90K | -34.1% |
Housing Supply in 61427, IL
How many homes are available in 61427, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Summary: The 61427 real estate market had 5 homes for sale in April 2024, a 37.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61427 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 50%, 3 bedroom homes decreased by 60%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61427, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 61427 in April 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 61427, IL
How long does it take to sell a home in 61427, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 77 Days | 60 Days | -22.1% |
Summary: Homes in 61427 had an average of 60 days on market in Apr 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 61427 has remained consistent over time.
Summary: During April 2024, 1 homes were sold in 61427; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.