Is 61434, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 61434 was a Buyer's Market.
Key Takeaway
61434 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61434, IL
How much do homes in 61434, IL cost?
Median Sold Price
$89,000
$52/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 61434 have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in 61434 was $89,000 in March 2024, up 9.7% from last year, and the median price per square foot was $52.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25.5K | $26.2K | +2.9% |
| 2 Bedrooms | $93.5K | $80K | -14.4% |
| 3 Bedrooms | $81.1K | $96K | +18.4% |
| 4 Bedrooms | $50.6K | $90K | +77.9% |
| 5+ Bedrooms | $125K | $145K | +16.0% |
Summary: 61434 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 14.4%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 77.9%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Zip Codes
| 61434 | $81.1K | $89K | +9.7% |
| 61443 | $89K | $66K | -25.8% |
Housing Supply in 61434, IL
How many homes are available in 61434, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Summary: The 61434 real estate market had 6 homes for sale in March 2024, a 40.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 61434 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 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 61434, 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 61434 in March 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 61434, IL
How long does it take to sell a home in 61434, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 61 Days | +916.7% |
Summary: Homes in 61434 had an average of 61 days on market in Mar 2024, up by 916.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 61434 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in 61434; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.