Is 61560, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61560 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 61560 has remained a Buyer's Market.

Key Takeaway

61560 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 61560, IL

How much do homes in 61560, IL cost?

Median Sold Price

$360,000

$163/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$225,000(+166.7%)

Key Takeaway

Homes in 61560 have sold for 166.7% more than they did a month ago.

Summary: The median home sold price in 61560 was $360,000 in April 2024, up 166.7% from last month, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$360K
N/A
3 $135K-
N/A
4 --
N/A
5+ --
N/A

Summary: 61560 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61560
+166.7%
61537
-39.5%

Housing Supply in 61560, IL

How many homes are available in 61560, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1114+27.3%

Summary: The 61560 real estate market had 14 homes for sale in April 2024, a 27.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 33
0.0%
3 67
+16.7%
4 23
+50.0%
5+ 01
+100.0%

Summary: The 61560 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 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61560, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 61560 in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 61560, IL

How long does it take to sell a home in 61560, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
8 Days1 Day-87.5%

Summary: Homes in 61560 had an average of 1 days on market in Apr 2024, down by 87.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61560 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in 61560; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in 61560, IL

Nearby Markets to 61560, IL