Is 61615, 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, 61615 has remained a Seller's Market.
Housing Prices in 61615, IL
How much do homes in 61615, IL cost?
Median Sold Price
$209,666
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61615 was $209,666 in April 2024, down 2.5% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $38K | $51K | +34.2% |
2 Bedrooms | $133.5K | $154.2K | +15.5% |
3 Bedrooms | $173.2K | $162.7K | -6.1% |
4 Bedrooms | $264K | $275K | +4.2% |
5+ Bedrooms | $400K | $434K | +8.5% |
Summary: 61615 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.2%, 2 bedroom homes increased by 15.5%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 8.5%.
Housing Supply in 61615, IL
How many homes are available in 61615, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 95 | +13.1% |
Summary: The 61615 real estate market had 95 homes for sale in April 2024, a 13.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 31 | 32 | +3.2% |
4 Bedrooms | 28 | 32 | +14.3% |
5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The 61615 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 increased by 3.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 24 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 61615 in April 2024, the same as the previous month. Of the 24 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 61615, IL
How long does it take to sell a home in 61615, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 6 Days | -86.8% |
Summary: Homes in 61615 had an average of 6 days on market in Apr 2024, down by 86.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in 61615; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.