$1,184 Closing Credit*
$99,742
676 SqFt
1 Bed
•1 Full Bath
KayLa Forret-Munoz, Listing Office: HomeSmart Residential and Commercial Realty
Is 61231, 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, 61231 has remained a Seller's Market.
Key Takeaway
61231 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61231, IL
How much do homes in 61231, IL cost?
Median Sold Price
$120,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,500(+2.1%)
Key Takeaway
Homes in 61231 have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in 61231 was $120,000 in October 2024, up 2.1% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55.9K | $25K | -55.3% |
| 2 Bedrooms | $80K | $85K | +6.3% |
| 3 Bedrooms | $128.4K | $139.9K | +8.9% |
| 4 Bedrooms | $213K | $178K | -16.4% |
| 5+ Bedrooms | $204.9K | $132.5K | -35.4% |
Summary: 61231 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes decreased by 35.4%.
Housing Supply in 61231, IL
How many homes are available in 61231, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Summary: The 61231 real estate market had 29 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 61231 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61231, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 61231 in October 2024, up by 100.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 61231, IL
How long does it take to sell a home in 61231, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 41 Days | +422.5% |
Summary: Homes in 61231 had an average of 41 days on market in Oct 2024, up by 422.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61231 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 61231; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.