Is 61606, 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, 61606 has remained a Seller's Market.
Housing Prices in 61606, IL
How much do homes in 61606, IL cost?
Median Sold Price
$96,200
$52/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61606 was $96,200 in April 2024, down 19.4% from last year, and the median price per square foot was $52.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $20K | - | N/A |
2 Bedrooms | $18K | $50.5K | +180.0% |
3 Bedrooms | $93.7K | $87.5K | -6.7% |
4 Bedrooms | $130K | $96.5K | -25.8% |
5+ Bedrooms | $194.4K | $160K | -17.7% |
Summary: 61606 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 180%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 25.8%, and 5+ bedroom homes decreased by 17.7%.
Housing Supply in 61606, IL
How many homes are available in 61606, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 14 | -26.3% |
Summary: The 61606 real estate market had 14 homes for sale in April 2024, a 26.3% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 8 | 5 | -37.5% |
4 Bedrooms | 9 | 5 | -44.4% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 61606 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 37.5%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 61606 in April 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 61606, IL
How long does it take to sell a home in 61606, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 56 Days | +23.1% |
Summary: Homes in 61606 had an average of 56 days on market in Apr 2024, up by 23.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 61606; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.