Is 61234, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61234 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 61234 has remained a Buyer's Market.

Key Takeaway

61234 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 61234, IL

How much do homes in 61234, IL cost?

Median Sold Price

$235,128

$101/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$99,128(+72.9%)

Key Takeaway

Homes in 61234 have sold for 72.9% more than they did a month ago.

Summary: The median home sold price in 61234 was $235,128 in December 2024, up 72.9% from last month, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $136K-
N/A
4 -$235.1K
N/A
5+ --
N/A

Summary: 61234 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.

Median Sold Price Compared To Nearby Zip Codes

61234
+72.9%
61235
+6.1%
61443
-64.3%

Housing Supply in 61234, IL

How many homes are available in 61234, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
880.0%

Summary: The 61234 real estate market had 8 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 33
0.0%
4 22
0.0%
5+ 11
0.0%

Summary: The 61234 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61234, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 61234 in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 61234, IL

How long does it take to sell a home in 61234, IL?

Average Sale Time

Nov 2024Dec 2024CHANGE
19 Days3 Days-84.2%

Summary: Homes in 61234 had an average of 3 days on market in Dec 2024, down by 84.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61234 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in 61234; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in 61234, IL

Nearby Markets to 61234, IL