$2,553 Closing Credit*
$215,000
1,863 SqFt
3 Beds
•2 Full Baths
Shawna Burrow, Listing Office: NextHome QC Realty
Is 61201, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 61201 has remained a Seller's Market.
Key Takeaway
61201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61201, IL
How much do homes in 61201, IL cost?
Median Sold Price
$134,520
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,620(+9.5%)
Key Takeaway
Homes in 61201 have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in 61201 was $134,520 in October 2024, up 9.5% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50.7K | $57.5K | +13.3% |
| 2 Bedrooms | $94.9K | $114.9K | +21.1% |
| 3 Bedrooms | $135K | $146.9K | +8.8% |
| 4 Bedrooms | $150K | $185K | +23.3% |
| 5+ Bedrooms | $173K | $217K | +25.4% |
Summary: 61201 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 25.4%.
Housing Supply in 61201, IL
How many homes are available in 61201, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 133 | 145 | +9.0% |
Summary: The 61201 real estate market had 145 homes for sale in October 2024, a 9.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 35 | 48 | +37.1% |
| 3 Bedrooms | 60 | 59 | -1.7% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 61201 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 37.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 28 | -15.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61201, you may be able to get a good deal. 67.9% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 61201 in October 2024, down by 15.2% month-over-month. Of the 28 sold homes, 68% were sold under asking, 18% were sold at asking, and 14% were sold over asking.
Days on Market for 61201, IL
How long does it take to sell a home in 61201, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 29 Days | +30.2% |
Summary: Homes in 61201 had an average of 29 days on market in Oct 2024, up by 30.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61201 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 61201; 68% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.