$95 Closing Credit*
$8,000
652 SqFt
1 Bed
Stefanie Burmahl, Listing Office: EXP REALTY, LLC.
Is 61074, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 61074 was a Neutral Market.
Key Takeaway
61074 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61074, IL
How much do homes in 61074, IL cost?
Median Sold Price
$157,000
$131/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$12,000(+8.3%)
Key Takeaway
Homes in 61074 have sold for 8.3% more than they did a month ago.
Summary: The median home sold price in 61074 was $157,000 in December 2024, up 8.3% from last month, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $79K | N/A |
| 3 Bedrooms | - | $235K | N/A |
| 4 Bedrooms | $145K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 61074 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 61074, IL
How many homes are available in 61074, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The 61074 real estate market had 7 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61074 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61074, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 61074 in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 61074, IL
How long does it take to sell a home in 61074, IL?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 Days | 25 Days | +56.3% |
Summary: Homes in 61074 had an average of 25 days on market in Dec 2024, up by 56.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61074 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in 61074; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.