Is 61873, 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, 61873 has remained a Seller's Market.
Housing Prices in 61873, IL
How much do homes in 61873, IL cost?
Median Sold Price
$225,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 61873 was $225,000 in April 2024, up 2.3% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $141.2K | $172.5K | +22.1% |
3 Bedrooms | $204.5K | $220K | +7.6% |
4 Bedrooms | $273K | $285K | +4.4% |
5+ Bedrooms | $332.5K | $265K | -20.3% |
Summary: 61873 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 22.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 20.3%.
Median Sold Price Compared To Nearby Zip Codes
61849 | $134.9K | $152K | +12.6% |
61873 | $220K | $225K | +2.3% |
Housing Supply in 61873, IL
How many homes are available in 61873, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Summary: The 61873 real estate market had 18 homes for sale in April 2024, a 28.6% increase 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 | 1 | 2 | +100.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 61873 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 61873 in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 61873, IL
How long does it take to sell a home in 61873, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 37 Days | +33.0% |
Summary: Homes in 61873 had an average of 37 days on market in Apr 2024, up by 33% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 61873; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.