Is 61770, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61770 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 61770 was a Neutral Market.

Key Takeaway

61770 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61770, IL

How much do homes in 61770, IL cost?

Median Sold Price

$277,500

$115/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$160,000(+136.2%)

Key Takeaway

Homes in 61770 have sold for 136.2% more than they did a month ago.

Summary: The median home sold price in 61770 was $277,500 in April 2024, up 136.2% from last month, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $117.5K$125K
+6.4%
4 -$430K
N/A
5+ --
N/A

Summary: 61770 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61770
+136.2%
61724
+13.1%

Housing Supply in 61770, IL

How many homes are available in 61770, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
550.0%

Summary: The 61770 real estate market had 5 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 23
+50.0%
5+ 00
0.0%

Summary: The 61770 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 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was 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 61770, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 61770 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 61770, IL

How long does it take to sell a home in 61770, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
116 Days3 Days-97.0%

Summary: Homes in 61770 had an average of 3 days on market in Apr 2024, down by 97% compared to last month.

Breakdown of Home Sale Times

2 Homes Were 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 61770 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in 61770; 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 14 Days Ago

Newest Listings in 61770, IL

Nearby Markets to 61770, IL