$861 Closing Credit*
$72,500
924 SqFt
2 Beds
•1 Full Bath
Peter Voss, Listing Office: 3% Listing Company, LLC
Is 61201, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$138,375
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,062(+13.1%)
Key Takeaway
Homes in 61201 have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in 61201 was $138,375 in November 2024, up 13.1% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $62.5K | +25.0% |
| 2 Bedrooms | $95K | $115K | +21.1% |
| 3 Bedrooms | $132.1K | $153.5K | +16.2% |
| 4 Bedrooms | $151K | $180K | +19.2% |
| 5+ Bedrooms | $174.9K | $130K | -25.7% |
Summary: 61201 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes decreased by 25.7%.
Housing Supply in 61201, IL
How many homes are available in 61201, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 140 | 139 | -0.7% |
Summary: The 61201 real estate market had 139 homes for sale in November 2024, a 0.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 46 | 45 | -2.2% |
| 3 Bedrooms | 56 | 58 | +3.6% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 61201 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 30 | -6.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61201, you may be able to get a good deal. 36.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 61201 in November 2024, down by 6.3% month-over-month. Of the 30 sold homes, 37% were sold under asking, 30% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 25 Days | -37.8% |
Summary: Homes in 61201 had an average of 25 days on market in Nov 2024, down by 37.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 61201 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in 61201; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.