Is 61748, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 61748 was a Buyer's Market.
Housing Prices in 61748, IL
How much do homes in 61748, IL cost?
Median Sold Price
$272,500
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61748 was $272,500 in April 2024, up 0.9% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $425K | $325K | -23.5% |
3 Bedrooms | $245K | $275K | +12.2% |
4 Bedrooms | $273.5K | $254K | -7.1% |
5+ Bedrooms | $242.5K | $255.1K | +5.2% |
Summary: 61748 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 23.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Zip Codes
61761 | $220K | $242K | +10.0% |
61748 | $270K | $272.5K | +0.9% |
61738 | $170.8K | $156K | -8.7% |
Housing Supply in 61748, IL
How many homes are available in 61748, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Summary: The 61748 real estate market had 4 homes for sale in April 2024, a 33.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 2 | -60.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61748 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 decreased by 60%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 61748 in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 61748, IL
How long does it take to sell a home in 61748, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 4 Days | -42.9% |
Summary: Homes in 61748 had an average of 4 days on market in Apr 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in 61748; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.