Is 61559, 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, 61559 has remained a Seller's Market.
Housing Prices in 61559, IL
How much do homes in 61559, IL cost?
Median Sold Price
$180,000
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61559 was $180,000 in April 2024, up 26.4% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | - | N/A |
2 Bedrooms | $82K | $114.7K | +39.9% |
3 Bedrooms | $142.4K | $206K | +44.7% |
4 Bedrooms | $147K | $111.5K | -24.1% |
5+ Bedrooms | $307.5K | $372.5K | +21.1% |
Summary: 61559 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 increased by 39.9%, 3 bedroom homes increased by 44.7%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes increased by 21.1%.
Median Sold Price Compared To Nearby Zip Codes
61559 | $142.4K | $180K | +26.4% |
61517 | $207.5K | $240K | +15.7% |
61525 | $328K | $350K | +6.7% |
Housing Supply in 61559, IL
How many homes are available in 61559, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Summary: The 61559 real estate market had 5 homes for sale in April 2024, a 16.7% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 4 | 2 | -50.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 61559 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 decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 61559 in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 61559, IL
How long does it take to sell a home in 61559, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
128 Days | 22 Days | -82.8% |
Summary: Homes in 61559 had an average of 22 days on market in Apr 2024, down by 82.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in 61559; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.