$891 Closing Credit*
$75,000
1,569 SqFt
4 Beds
•1 Full Bath
Deb Haussmann, Listing Office: Keller Williams Greater Quad Cities / Midwest Partners
Is 61244, 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, 61244 has remained a Seller's Market.
Key Takeaway
61244 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61244, IL
How much do homes in 61244, IL cost?
Median Sold Price
$148,300
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,925(+12.0%)
Key Takeaway
Homes in 61244 have sold for 12% more than they did a year ago.
Summary: The median home sold price in 61244 was $148,300 in November 2024, up 12% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $55K | -19.1% |
| 2 Bedrooms | $85.3K | $127.2K | +49.0% |
| 3 Bedrooms | $150K | $155K | +3.3% |
| 4 Bedrooms | $199K | $199.9K | 0.5% |
| 5+ Bedrooms | $210.5K | $153.6K | -27.0% |
Summary: 61244 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.1%, 2 bedroom homes increased by 49%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 27%.
Median Sold Price Compared To Nearby Zip Codes
| 61244 | $132.3K | $148.3K | +12.0% |
| 61282 | $147.9K | $140K | -5.4% |
Housing Supply in 61244, IL
How many homes are available in 61244, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 80 | -10.1% |
Summary: The 61244 real estate market had 80 homes for sale in November 2024, a 10.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 28 | 19 | -32.1% |
| 3 Bedrooms | 37 | 38 | +2.7% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 61244 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 32.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61244, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 61244 in November 2024, down by 26.1% month-over-month. Of the 17 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.
Days on Market for 61244, IL
How long does it take to sell a home in 61244, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 25 Days | -10.9% |
Summary: Homes in 61244 had an average of 25 days on market in Nov 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 61244 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in 61244; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.