Is 61802, 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, 61802 was a Buyer's Market.
Housing Prices in 61802, IL
How much do homes in 61802, IL cost?
Median Sold Price
$225,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61802 was $225,000 in April 2024, up 24.1% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $70K | -53.3% |
2 Bedrooms | $130K | $144K | +10.8% |
3 Bedrooms | $200K | $245K | +22.5% |
4 Bedrooms | $207.9K | $270K | +29.8% |
5+ Bedrooms | $350K | $402.5K | +15.0% |
Summary: 61802 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes increased by 15%.
Housing Supply in 61802, IL
How many homes are available in 61802, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 74 | 0.0% |
Summary: The 61802 real estate market had 74 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 54 | 49 | -9.3% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 61802 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 61802 in April 2024, up by 21.1% month-over-month. Of the 23 sold homes, 43% were sold under asking, 26% were sold at asking, and 30% were sold over asking.
Days on Market for 61802, IL
How long does it take to sell a home in 61802, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 41 Days | +65.3% |
Summary: Homes in 61802 had an average of 41 days on market in Apr 2024, up by 65.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 61802; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.