$1,661 Closing Credit*
$139,900
992 SqFt
2 Beds
•1 Full Bath
Michelle VanOpdorp, Listing Office: Mel Foster Co. Davenport
Is 61240, 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, 61240 has remained a Seller's Market.
Key Takeaway
61240 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61240, IL
How much do homes in 61240, IL cost?
Median Sold Price
$285,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$84,000(+41.8%)
Key Takeaway
Homes in 61240 have sold for 41.8% more than they did a year ago.
Summary: The median home sold price in 61240 was $285,000 in October 2024, up 41.8% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $110.2K | $118.4K | +7.4% |
| 3 Bedrooms | $200K | $260K | +30.0% |
| 4 Bedrooms | $294.9K | $330K | +11.9% |
| 5+ Bedrooms | $402.1K | $433K | +7.7% |
Summary: 61240 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 increased by 7.4%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 7.7%.
Housing Supply in 61240, IL
How many homes are available in 61240, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The 61240 real estate market had 18 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 61240 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 increased by 66.7%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61240, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 61240 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 61240, IL
How long does it take to sell a home in 61240, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 15 Days | -4.3% |
Summary: Homes in 61240 had an average of 15 days on market in Oct 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61240 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 61240; 75% of homes were sold within 30 days, 25% 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.