Is 61443, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61443 is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 61443 was a Seller's Market.

Key Takeaway

61443 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 61443, IL

How much do homes in 61443, IL cost?

Median Sold Price

$66,000

$57/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$23,000(-25.8%)

Key Takeaway

Homes in 61443 have sold for 25.8% less than they did a year ago.

Summary: The median home sold price in 61443 was $66,000 in April 2024, down 25.8% from last year, and the median price per square foot was $57.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $85K$40.9K
-51.8%
2 $61.2K$52K
-15.1%
3 $89K$79K
-11.2%
4 $121K$68.5K
-43.4%
5+ $197.5K$150K
-24.1%

Summary: 61443 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.8%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 43.4%, and 5+ bedroom homes decreased by 24.1%.

Median Sold Price Compared To Nearby Zip Codes

61235
+30.3%
61443
-25.8%

Housing Supply in 61443, IL

How many homes are available in 61443, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3230-6.3%

Summary: The 61443 real estate market had 30 homes for sale in April 2024, a 6.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 710
+42.9%
3 1413
-7.1%
4 96
-33.3%
5+ 21
-50.0%

Summary: The 61443 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 increased by 42.9%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
114-63.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61443, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 61443 in April 2024, down by 63.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 61443, IL

How long does it take to sell a home in 61443, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
21 Days29 Days+40.5%

Summary: Homes in 61443 had an average of 29 days on market in Apr 2024, up by 40.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61443 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in 61443; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in 61443, IL

Nearby Markets to 61443, IL