Is 61704, 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, 61704 has remained a Seller's Market.
Housing Prices in 61704, IL
How much do homes in 61704, IL cost?
Median Sold Price
$310,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 61704 was $310,000 in March 2024, up 6.9% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $186K | - | N/A |
2 Bedrooms | $240K | $299.9K | +25.0% |
3 Bedrooms | $235K | $245K | +4.3% |
4 Bedrooms | $327.2K | $336K | +2.7% |
5+ Bedrooms | $450K | $407K | -9.6% |
Summary: 61704 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in 61704, IL
How many homes are available in 61704, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 105 | +23.5% |
Summary: The 61704 real estate market had 105 homes for sale in March 2024, a 23.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 31 | 40 | +29.0% |
4 Bedrooms | 38 | 47 | +23.7% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The 61704 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 61704 in March 2024, up by 10.0% month-over-month. Of the 22 sold homes, 27% were sold under asking, 41% were sold at asking, and 32% were sold over asking.
Days on Market for 61704, IL
How long does it take to sell a home in 61704, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 33 Days | +196.3% |
Summary: Homes in 61704 had an average of 33 days on market in Mar 2024, up by 196.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 61704; 73% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.