Is 61548, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 61548 was a Neutral Market.
Housing Prices in 61548, IL
How much do homes in 61548, IL cost?
Median Sold Price
$280,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61548 was $280,000 in April 2024, up 9.8% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $155K | $140K | -9.7% |
3 Bedrooms | $207.2K | $229.9K | +10.9% |
4 Bedrooms | $286K | $310K | +8.4% |
5+ Bedrooms | $395K | $450K | +13.9% |
Summary: 61548 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in 61548, IL
How many homes are available in 61548, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Summary: The 61548 real estate market had 25 homes for sale in April 2024, a 3.8% decrease 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 | 0 | 1 | +100.0% |
3 Bedrooms | 13 | 10 | -23.1% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 61548 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 100%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 61548 in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for 61548, IL
How long does it take to sell a home in 61548, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 36 Days | -14.6% |
Summary: Homes in 61548 had an average of 36 days on market in Apr 2024, down by 14.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in 61548; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.