$1,128 Closing Credit*
$95,000
905 SqFt
3 Beds
•1 Full Bath
Sharon Esslinger, Listing Office: RE/MAX Country Crossroads
Is 61231, 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, 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
$117,075
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,425(-4.4%)
Key Takeaway
Homes in 61231 have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in 61231 was $117,075 in November 2024, down 4.4% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55.9K | $25K | -55.3% |
| 2 Bedrooms | $80K | $91.5K | +14.4% |
| 3 Bedrooms | $129.9K | $131.4K | +1.2% |
| 4 Bedrooms | $213K | $178K | -16.4% |
| 5+ Bedrooms | $204.9K | $132.5K | -35.4% |
Summary: 61231 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.3%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 1.2%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 20 | -31.0% |
Summary: The 61231 real estate market had 20 homes for sale in November 2024, a 31.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 61231 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 57.1%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 61231 in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 33 Days | +123.3% |
Summary: Homes in 61231 had an average of 33 days on market in Nov 2024, up by 123.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 6 homes were sold in 61231; 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.