Is 61822, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 61822 has remained a Seller's Market.
Housing Prices in 61822, IL
How much do homes in 61822, IL cost?
Median Sold Price
$299,500
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 61822 was $299,500 in February 2024, up 12.1% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37.8K | $442K | +1067.4% |
2 Bedrooms | $157K | $176.9K | +12.7% |
3 Bedrooms | $236K | $252.5K | +7.0% |
4 Bedrooms | $345K | $380K | +10.1% |
5+ Bedrooms | $433K | $429K | -0.9% |
Summary: 61822 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1067.4%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in 61822, IL
How many homes are available in 61822, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
63 | 66 | +4.8% |
Summary: The 61822 real estate market had 66 homes for sale in February 2024, a 4.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 7 | -41.7% |
3 Bedrooms | 26 | 33 | +26.9% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 61822 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 41.7%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
17 | 13 | -23.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 61822 in February 2024, down by 23.5% month-over-month. Of the 13 sold homes, 69% were sold under asking, 8% were sold at asking, and 23% were sold over asking.
Days on Market for 61822, IL
How long does it take to sell a home in 61822, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
55 Days | 39 Days | -28.9% |
Summary: Homes in 61822 had an average of 39 days on market in Feb 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 13 homes were sold in 61822; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.