Is 61820, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 61820 has remained a Seller's Market.
Housing Prices in 61820, IL
How much do homes in 61820, IL cost?
Median Sold Price
$159,900
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61820 was $159,900 in April 2024, up 6.6% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85.4K | $107.7K | +26.1% |
2 Bedrooms | $125.5K | $147.5K | +17.5% |
3 Bedrooms | $150K | $161.5K | +7.7% |
4 Bedrooms | $225K | $182K | -19.1% |
5+ Bedrooms | $260K | $272.5K | +4.8% |
Summary: 61820 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.1%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 19.1%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 61820, IL
How many homes are available in 61820, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 43 | -6.5% |
Summary: The 61820 real estate market had 43 homes for sale in April 2024, a 6.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 18 | 18 | 0.0% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 61820 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 61820 in April 2024, down by 23.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 61820, IL
How long does it take to sell a home in 61820, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 10 Days | -26.8% |
Summary: Homes in 61820 had an average of 10 days on market in Apr 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in 61820; 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.