Is 61953, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61953 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 61953 has remained a Seller's Market.

Key Takeaway

61953 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61953, IL

How much do homes in 61953, IL cost?

Median Sold Price

$147,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$7,000(+5.0%)

Key Takeaway

Homes in 61953 have sold for 5% more than they did a year ago.

Summary: The median home sold price in 61953 was $147,000 in April 2024, up 5% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $71.2K$85.5K
+20.1%
2 $123K$115K
-6.5%
3 $145K$146K
+0.7%
4 $173.2K$241K
+39.1%
5+ $91.2K$158.7K
+74.0%

Summary: 61953 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.1%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes increased by 74%.

Median Sold Price Compared To Nearby Zip Codes

61956
+12.1%
61953
+5.0%

Housing Supply in 61953, IL

How many homes are available in 61953, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1315+15.4%

Summary: The 61953 real estate market had 15 homes for sale in April 2024, a 15.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 33
0.0%
3 89
+12.5%
4 13
+200.0%
5+ 10
-100.0%

Summary: The 61953 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 increased by 12.5%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61953, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 61953 in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 61953, IL

How long does it take to sell a home in 61953, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days37 Days+16.9%

Summary: Homes in 61953 had an average of 37 days on market in Apr 2024, up by 16.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61953 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in 61953; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 9 Days Ago

Newest Listings in 61953, IL

Nearby Markets to 61953, IL