Is 61882, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61882 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 61882 has remained a Seller's Market.

Key Takeaway

61882 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61882, IL

How much do homes in 61882, IL cost?

Median Sold Price

$97,750

$74/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$500(+0.5%)

Key Takeaway

Homes in 61882 have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in 61882 was $97,750 in April 2024, up 0.5% from last year, and the median price per square foot was $74.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$12K
N/A
2 $44.9K$71.7K
+59.6%
3 $99.5K$121.9K
+22.5%
4 --
N/A
5+ $355K-
N/A

Summary: 61882 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 59.6%, 3 bedroom homes increased by 22.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61727
+13.0%
61882
0.5%

Housing Supply in 61882, IL

How many homes are available in 61882, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
25+150.0%

Summary: The 61882 real estate market had 5 homes for sale in April 2024, a 150.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 24
+100.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 61882 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 increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61882, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 61882 in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 61882, IL

How long does it take to sell a home in 61882, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
64 Days16 Days-75.0%

Summary: Homes in 61882 had an average of 16 days on market in Apr 2024, down by 75% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61882 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in 61882; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in 61882, IL

Nearby Markets to 61882, IL