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 October 2023

At the same time last year, 61234 was a Seller'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

$135,000

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$20,000(-12.9%)

Key Takeaway

Homes in 61234 have sold for 12.9% less than they did a year ago.

Summary: The median home sold price in 61234 was $135,000 in October 2024, down 12.9% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $165K$107.5K
-34.8%
3 $145K$125K
-13.8%
4 $240K$190K
-20.8%
5+ $17K-
N/A

Summary: 61234 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.8%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61443
-0.3%
61234
-12.9%

Housing Supply in 61234, IL

How many homes are available in 61234, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98-11.1%

Summary: The 61234 real estate market had 8 homes for sale in October 2024, a 11.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 44
0.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The 61234 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61234, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

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

Days on Market for 61234, IL

We’re sorry, we don't have information for this market at the moment

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 October 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 23 Days Ago

Newest Listings in 61234, IL

Nearby Markets to 61234, IL