Is 61739, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61739 is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 61739 was a Buyer's Market.

Key Takeaway

61739 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61739, IL

How much do homes in 61739, IL cost?

Median Sold Price

$135,000

$69/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$16,500(-10.9%)

Key Takeaway

Homes in 61739 have sold for 10.9% less than they did a year ago.

Summary: The median home sold price in 61739 was $135,000 in April 2024, down 10.9% from last year, and the median price per square foot was $69.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$55K
N/A
2 $102.5K$121K
+18.0%
3 $153K$150K
-2.0%
4 $170K$185K
+8.8%
5+ $250K$117.5K
-53.0%

Summary: 61739 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 increased by 18%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 53%.

Median Sold Price Compared To Nearby Zip Codes

61739
-10.9%
61726
-16.7%

Housing Supply in 61739, IL

How many homes are available in 61739, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1316+23.1%

Summary: The 61739 real estate market had 16 homes for sale in April 2024, a 23.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 44
0.0%
3 36
+100.0%
4 44
0.0%
5+ 22
0.0%

Summary: The 61739 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61739, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 61739 in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 61739, IL

How long does it take to sell a home in 61739, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
7 Days26 Days+282.9%

Summary: Homes in 61739 had an average of 26 days on market in Apr 2024, up by 282.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61739 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in 61739; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 5 Days Ago

Newest Listings in 61739, IL

Nearby Markets to 61739, IL