Is 61065, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61065 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 61065 has remained a Seller's Market.

Key Takeaway

61065 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61065, IL

How much do homes in 61065, IL cost?

Median Sold Price

$255,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,500(+7.4%)

Key Takeaway

Homes in 61065 have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in 61065 was $255,000 in October 2024, up 7.4% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $162.7K$185K
+13.7%
3 $241.2K$250K
+3.6%
4 $245K$265.5K
+8.4%
5+ $230K$375K
+63.0%

Summary: 61065 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 63%.

Median Sold Price Compared To Nearby Zip Codes

61008
+21.4%
53525
+20.1%
61065
+7.4%

Housing Supply in 61065, IL

How many homes are available in 61065, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4351+18.6%

Summary: The 61065 real estate market had 51 homes for sale in October 2024, a 18.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 2127
+28.6%
4 1317
+30.8%
5+ 55
0.0%

Summary: The 61065 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
815+87.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61065, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 61065 in October 2024, up by 87.5% month-over-month. Of the 15 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 61065, IL

How long does it take to sell a home in 61065, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days21 Days+37.1%

Summary: Homes in 61065 had an average of 21 days on market in Oct 2024, up by 37.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61065 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 61065; 73% of homes were sold within 30 days, 27% 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 4 Days Ago

Newest Listings in 61065, IL

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