Is 61611, 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, 61611 has remained a Seller's Market.
Key Takeaway
61611 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61611, IL
How much do homes in 61611, IL cost?
Median Sold Price
$171,175
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 61611 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 61611 was $171,175 in April 2024, up 7% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | $38K | -39.7% |
| 2 Bedrooms | $100.2K | $88.9K | -11.3% |
| 3 Bedrooms | $160K | $177.9K | +11.2% |
| 4 Bedrooms | $210K | $232.5K | +10.7% |
| 5+ Bedrooms | $239.4K | $328K | +37.0% |
Summary: 61611 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.7%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 37%.
Housing Supply in 61611, IL
How many homes are available in 61611, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 | 82 | +13.9% |
Summary: The 61611 real estate market had 82 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 37 | 41 | +10.8% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 61611 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 increased by 33.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61611, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 61611 in April 2024, up by 22.2% month-over-month. Of the 22 sold homes, 23% were sold under asking, 27% were sold at asking, and 50% were sold over asking.
Days on Market for 61611, IL
How long does it take to sell a home in 61611, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 9 Days | -52.5% |
Summary: Homes in 61611 had an average of 9 days on market in Apr 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 61611 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in 61611; 95% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.