Is 61455, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61455 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 61455 has remained a Seller's Market.

Key Takeaway

61455 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61455, IL

How much do homes in 61455, IL cost?

Median Sold Price

$99,000

$69/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$6,500(+7.0%)

Key Takeaway

Homes in 61455 have sold for 7% more than they did a year ago.

Summary: The median home sold price in 61455 was $99,000 in April 2024, up 7% from last year, and the median price per square foot was $69.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $37.5K$48K
+28.0%
2 $58.3K$73.4K
+25.8%
3 $103K$105.7K
+2.7%
4 $139.9K$161K
+15.0%
5+ $180K$177.7K
-1.3%

Summary: 61455 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 1.3%.

Housing Supply in 61455, IL

How many homes are available in 61455, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7989+12.7%

Summary: The 61455 real estate market had 89 homes for sale in April 2024, a 12.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 46
+50.0%
2 2627
+3.8%
3 3433
-2.9%
4 1419
+35.7%
5+ 14
+300.0%

Summary: The 61455 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 300%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1319+46.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61455, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 61455 in April 2024, up by 46.2% month-over-month. Of the 19 sold homes, 84% were sold under asking, 5% were sold at asking, and 11% were sold over asking.

Days on Market for 61455, IL

How long does it take to sell a home in 61455, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
105 Days72 Days-31.2%

Summary: Homes in 61455 had an average of 72 days on market in Apr 2024, down by 31.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61455 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 19 homes were sold in 61455; 58% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 32% 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 5 Days Ago

Newest Listings in 61455, IL

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