Is 61570, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61570 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 61570 has remained a Seller's Market.

Key Takeaway

61570 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61570, IL

How much do homes in 61570, IL cost?

Median Sold Price

$119,950

$62/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$13,750(+12.9%)

Key Takeaway

Homes in 61570 have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in 61570 was $119,950 in April 2024, up 12.9% from last year, and the median price per square foot was $62.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $69.9K$65K
-7.0%
3 $128.5K$84.9K
-33.9%
4 $145K$217.4K
+50.0%
5+ -$265K
N/A

Summary: 61570 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 7%, 3 bedroom homes decreased by 33.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61570
+12.9%
61540
0.3%

Housing Supply in 61570, IL

How many homes are available in 61570, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
65-16.7%

Summary: The 61570 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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 44
0.0%
4 00
0.0%
5+ 11
0.0%

Summary: The 61570 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61570, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 61570 in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 61570, IL

How long does it take to sell a home in 61570, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
24 Days25 Days+2.0%

Summary: Homes in 61570 had an average of 25 days on market in Apr 2024, up by 2% compared to last year.

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 61570 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in 61570; 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 22 Days Ago

Newest Listings in 61570, IL

Nearby Markets to 61570, IL