Is 61068, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61068 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 61068 has remained a Seller's Market.

Key Takeaway

61068 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61068, IL

How much do homes in 61068, IL cost?

Median Sold Price

$185,500

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,500(+12.4%)

Key Takeaway

Homes in 61068 have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in 61068 was $185,500 in October 2024, up 12.4% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $150K$156K
+4.0%
3 $157K$189.5K
+20.7%
4 $190K$249.9K
+31.5%
5+ $179K$177K
-1.1%

Summary: 61068 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 4%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes decreased by 1.1%.

Median Sold Price Compared To Nearby Zip Codes

61068
+12.4%
60150
-4.1%

Housing Supply in 61068, IL

How many homes are available in 61068, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2926-10.3%

Summary: The 61068 real estate market had 26 homes for sale in October 2024, a 10.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 57
+40.0%
3 1411
-21.4%
4 75
-28.6%
5+ 22
0.0%

Summary: The 61068 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 increased by 40%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61068, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 61068 in October 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for 61068, IL

How long does it take to sell a home in 61068, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days31 Days+274.1%

Summary: Homes in 61068 had an average of 31 days on market in Oct 2024, up by 274.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61068 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 61068; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 61068, IL

Nearby Markets to 61068, IL