Is 61843, 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, 61843 was a Seller's Market.
Housing Prices in 61843, IL
How much do homes in 61843, IL cost?
Median Sold Price
$168,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61843 was $168,000 in April 2024, down 7.9% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $74.1K | N/A |
2 Bedrooms | $154K | $166K | +7.8% |
3 Bedrooms | $189K | $165K | -12.7% |
4 Bedrooms | $190K | $193.1K | +1.6% |
5+ Bedrooms | $217.5K | - | N/A |
Summary: 61843 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
61853 | $324.5K | $359K | +10.6% |
61843 | $182.5K | $168K | -7.9% |
Housing Supply in 61843, IL
How many homes are available in 61843, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 6 | -57.1% |
Summary: The 61843 real estate market had 6 homes for sale in April 2024, a 57.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 11 | 6 | -45.5% |
4 Bedrooms | 3 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61843 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 45.5%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 1 | -87.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 61843 in April 2024, down by 87.5% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 61843, IL
How long does it take to sell a home in 61843, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 1 Day | -98.7% |
Summary: Homes in 61843 had an average of 1 days on market in Apr 2024, down by 98.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in 61843; 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.