Is 61554, 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, 61554 has remained a Seller's Market.
Housing Prices in 61554, IL
How much do homes in 61554, IL cost?
Median Sold Price
$124,925
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61554 was $124,925 in April 2024, up 9% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $44K | $38.2K | -13.1% |
2 Bedrooms | $85.5K | $89.9K | +5.1% |
3 Bedrooms | $119.4K | $126K | +5.5% |
4 Bedrooms | $160K | $157K | -1.9% |
5+ Bedrooms | $180K | $238K | +32.2% |
Summary: 61554 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 32.2%.
Median Sold Price Compared To Nearby Zip Codes
61610 | $76K | $91.9K | +21.0% |
61554 | $114.5K | $124.9K | +9.0% |
61607 | $138.5K | $139K | 0.4% |
Housing Supply in 61554, IL
How many homes are available in 61554, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 117 | +3.5% |
Summary: The 61554 real estate market had 117 homes for sale in April 2024, a 3.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 34 | 38 | +11.8% |
3 Bedrooms | 49 | 48 | -2.0% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 61554 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 50 | +35.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in 61554 in April 2024, up by 35.1% month-over-month. Of the 50 sold homes, 52% were sold under asking, 12% were sold at asking, and 36% were sold over asking.
Days on Market for 61554, IL
How long does it take to sell a home in 61554, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 31 Days | +21.7% |
Summary: Homes in 61554 had an average of 31 days on market in Apr 2024, up by 21.7% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 50 homes were sold in 61554; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.