Is 61525, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 61525 has remained a Seller's Market.
Housing Prices in 61525, IL
How much do homes in 61525, IL cost?
Median Sold Price
$354,500
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 61525 was $354,500 in May 2024, up 7.4% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $179.9K | $145.5K | -19.1% |
3 Bedrooms | $242.7K | $260.1K | +7.2% |
4 Bedrooms | $295.3K | $345K | +16.8% |
5+ Bedrooms | $432K | $442K | +2.3% |
Summary: 61525 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.1%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 2.3%.
Housing Supply in 61525, IL
How many homes are available in 61525, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 40 | -2.4% |
Summary: The 61525 real estate market had 40 homes for sale in May 2024, a 2.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The 61525 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 61525 in May 2024, up by 7.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 7% were sold at asking, and 50% were sold over asking.
Days on Market for 61525, IL
How long does it take to sell a home in 61525, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 8 Days | -67.5% |
Summary: Homes in 61525 had an average of 8 days on market in May 2024, down by 67.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in 61525; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.