Is 61726, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61726 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 61726 has remained a Seller's Market.

Key Takeaway

61726 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61726, IL

How much do homes in 61726, IL cost?

Median Sold Price

$125,000

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$25,000(-16.7%)

Key Takeaway

Homes in 61726 have sold for 16.7% less than they did a year ago.

Summary: The median home sold price in 61726 was $125,000 in April 2024, down 16.7% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $119.4K$91.2K
-23.6%
3 $152.5K$143K
-6.2%
4 $173.5K$148K
-14.7%
5+ $115K$229K
+99.1%

Summary: 61726 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 decreased by 23.6%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes increased by 99.1%.

Median Sold Price Compared To Nearby Zip Codes

61753
+36.1%
61739
-10.9%
61726
-16.7%

Housing Supply in 61726, IL

How many homes are available in 61726, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
74-42.9%

Summary: The 61726 real estate market had 4 homes for sale in April 2024, a 42.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 41
-75.0%
3 11
0.0%
4 21
-50.0%
5+ 01
+100.0%

Summary: The 61726 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 decreased by 75%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61726, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 61726 in April 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 61726, IL

How long does it take to sell a home in 61726, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
12 Days40 Days+220.0%

Summary: Homes in 61726 had an average of 40 days on market in Apr 2024, up by 220% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 61726 has remained consistent over time.

Summary: During April 2024, 1 homes were sold in 61726; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in 61726, IL

Nearby Markets to 61726, IL