Is 61853, 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, 61853 has remained a Seller's Market.
Housing Prices in 61853, IL
How much do homes in 61853, IL cost?
Median Sold Price
$359,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 61853 was $359,000 in March 2024, up 10.5% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $290K | $327.4K | +12.9% |
3 Bedrooms | $300K | $285.7K | -4.8% |
4 Bedrooms | $350K | $429.9K | +22.8% |
5+ Bedrooms | $567.5K | $409.5K | -27.8% |
Summary: 61853 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes decreased by 27.8%.
Median Sold Price Compared To Nearby Zip Codes
61822 | $266.3K | $299.5K | +12.4% |
61853 | $324.9K | $359K | +10.5% |
61854 | $197.4K | $175.7K | -11.0% |
Housing Supply in 61853, IL
How many homes are available in 61853, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 67 | +6.3% |
Summary: The 61853 real estate market had 67 homes for sale in March 2024, a 6.3% 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 | 3 | 5 | +66.7% |
3 Bedrooms | 30 | 28 | -6.7% |
4 Bedrooms | 26 | 31 | +19.2% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 61853 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 increased by 66.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 18 | +100.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 61853 in March 2024, up by 100.0% month-over-month. Of the 18 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% were sold over asking.
Days on Market for 61853, IL
How long does it take to sell a home in 61853, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 68 Days | +137.8% |
Summary: Homes in 61853 had an average of 68 days on market in Mar 2024, up by 137.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 61853; 56% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.