Is 61540, 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, 61540 has remained a Seller's Market.
Key Takeaway
61540 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61540, IL
How much do homes in 61540, IL cost?
Median Sold Price
$129,375
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 61540 has remained the same since last year.
Summary: The median home sold price in 61540 was $129,375 in April 2024, up 0.3% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $55K | -19.1% |
| 2 Bedrooms | $94.9K | $72K | -24.1% |
| 3 Bedrooms | $127.5K | $139.9K | +9.8% |
| 4 Bedrooms | $222.4K | $150K | -32.6% |
| 5+ Bedrooms | $407K | $220K | -45.9% |
Summary: 61540 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.1%, 2 bedroom homes decreased by 24.1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 32.6%, and 5+ bedroom homes decreased by 45.9%.
Median Sold Price Compared To Nearby Zip Codes
| 61570 | $106.2K | $119.9K | +12.9% |
| 61540 | $129K | $129.3K | 0.3% |
Housing Supply in 61540, IL
How many homes are available in 61540, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The 61540 real estate market had 11 homes for sale in April 2024, a 22.2% increase 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61540 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61540, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 61540 in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for 61540, IL
How long does it take to sell a home in 61540, IL?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61540 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in 61540; 67% of homes were sold within 30 days, 33% 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.