Is 61604, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 61604 has remained a Seller's Market.
Housing Prices in 61604, IL
How much do homes in 61604, IL cost?
Median Sold Price
$89,515
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 61604 was $89,515 in March 2024, up 0.4% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42K | $45.4K | +8.2% |
2 Bedrooms | $65K | $72K | +10.8% |
3 Bedrooms | $104.6K | $114.9K | +9.8% |
4 Bedrooms | $132K | $127K | -3.8% |
5+ Bedrooms | $128.5K | $128K | -0.4% |
Summary: 61604 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 0.4%.
Housing Supply in 61604, IL
How many homes are available in 61604, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
110 | 104 | -5.5% |
Summary: The 61604 real estate market had 104 homes for sale in March 2024, a 5.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 6 | -33.3% |
2 Bedrooms | 38 | 35 | -7.9% |
3 Bedrooms | 50 | 52 | +4.0% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 61604 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 34 | -24.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 61604 in March 2024, down by 24.4% month-over-month. Of the 34 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for 61604, IL
How long does it take to sell a home in 61604, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 19 Days | -2.5% |
Summary: Homes in 61604 had an average of 19 days on market in Mar 2024, down by 2.5% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in 61604; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.