Is 61614, 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, 61614 has remained a Seller's Market.
Housing Prices in 61614, IL
How much do homes in 61614, IL cost?
Median Sold Price
$170,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61614 was $170,000 in April 2024, up 6.3% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $54.9K | $62.4K | +13.7% |
2 Bedrooms | $95K | $111K | +16.8% |
3 Bedrooms | $156.8K | $170.1K | +8.5% |
4 Bedrooms | $220K | $215K | -2.3% |
5+ Bedrooms | $269.9K | $280K | +3.7% |
Summary: 61614 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 61614, IL
How many homes are available in 61614, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 | 114 | +8.6% |
Summary: The 61614 real estate market had 114 homes for sale in April 2024, a 8.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 23 | 23 | 0.0% |
3 Bedrooms | 43 | 54 | +25.6% |
4 Bedrooms | 30 | 27 | -10.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 61614 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 32 | -11.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 61614 in April 2024, down by 11.1% month-over-month. Of the 32 sold homes, 50% were sold under asking, 9% were sold at asking, and 41% were sold over asking.
Days on Market for 61614, IL
How long does it take to sell a home in 61614, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 17 Days | -10.6% |
Summary: Homes in 61614 had an average of 17 days on market in Apr 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in 61614; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.