Is 61874, 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, 61874 has remained a Seller's Market.
Housing Prices in 61874, IL
How much do homes in 61874, IL cost?
Median Sold Price
$360,500
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 61874 was $360,500 in March 2024, up 3% 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 | $152.5K | $188.7K | +23.8% |
3 Bedrooms | $334.9K | $377K | +12.6% |
4 Bedrooms | $400K | $375.5K | -6.1% |
5+ Bedrooms | $413.9K | $370K | -10.6% |
Summary: 61874 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 23.8%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 10.6%.
Housing Supply in 61874, IL
How many homes are available in 61874, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 25 | +4.2% |
Summary: The 61874 real estate market had 25 homes for sale in March 2024, a 4.2% 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 | 2 | 4 | +100.0% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61874 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 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 61874 in March 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 61874, IL
How long does it take to sell a home in 61874, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 27 Days | -29.5% |
Summary: Homes in 61874 had an average of 27 days on market in Mar 2024, down by 29.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 61874; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.