Is 61821, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 61821 has remained a Seller's Market.
Housing Prices in 61821, IL
How much do homes in 61821, IL cost?
Median Sold Price
$180,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 61821 was $180,000 in March 2024, up 12.8% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.5K | $118.2K | +43.3% |
2 Bedrooms | $133.4K | $148K | +10.9% |
3 Bedrooms | $155K | $175K | +12.9% |
4 Bedrooms | $195K | $245.5K | +25.9% |
5+ Bedrooms | $382K | $335K | -12.3% |
Summary: 61821 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.3%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes decreased by 12.3%.
Housing Supply in 61821, IL
How many homes are available in 61821, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
98 | 102 | +4.1% |
Summary: The 61821 real estate market had 102 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 15 | -11.8% |
3 Bedrooms | 54 | 54 | 0.0% |
4 Bedrooms | 23 | 29 | +26.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 61821 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 decreased by 11.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 35 | +20.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 61821 in March 2024, up by 20.7% month-over-month. Of the 35 sold homes, 37% were sold under asking, 20% were sold at asking, and 43% were sold over asking.
Days on Market for 61821, IL
How long does it take to sell a home in 61821, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 32 Days | +20.1% |
Summary: Homes in 61821 had an average of 32 days on market in Mar 2024, up by 20.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 35 homes were sold in 61821; 66% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.