Is 61759, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61759 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 61759 has remained a Seller's Market.

Key Takeaway

61759 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61759, IL

How much do homes in 61759, IL cost?

Median Sold Price

$184,999

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$49,999(+37.0%)

Key Takeaway

Homes in 61759 have sold for 37% more than they did a year ago.

Summary: The median home sold price in 61759 was $184,999 in March 2024, up 37% from last year, and the median price per square foot was $92.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $75.9K-
N/A
2 $155K$128K
-17.4%
3 $102.9K$205K
+99.2%
4 $160K$210K
+31.3%
5+ --
N/A

Summary: 61759 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 decreased by 17.4%, 3 bedroom homes increased by 99.2%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes did not change.

Housing Supply in 61759, IL

How many homes are available in 61759, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
330.0%

Summary: The 61759 real estate market had 3 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 01
+100.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The 61759 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61759, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 61759 in March 2024, the same as the previous 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 61759, IL

How long does it take to sell a home in 61759, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
22 Days3 Days-86.4%

Summary: Homes in 61759 had an average of 3 days on market in Mar 2024, down by 86.4% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61759 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 1 homes were sold in 61759; 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.

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

Report Updated 26 Days Ago

Newest Listings in 61759, IL

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