Is 61252, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61252 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 61252 was a Seller's Market.

Key Takeaway

61252 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 61252, IL

How much do homes in 61252, IL cost?

Median Sold Price

$145,000

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,000(+9.8%)

Key Takeaway

Homes in 61252 have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in 61252 was $145,000 in October 2024, up 9.8% from last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $59K-
N/A
2 $127.5K$102.5K
-19.6%
3 $133K$145.5K
+9.4%
4 $203.7K$191K
-6.3%
5+ $220K-
N/A

Summary: 61252 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 19.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

52732
+10.6%
61252
+9.8%
61270
+1.9%

Housing Supply in 61252, IL

How many homes are available in 61252, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2026+30.0%

Summary: The 61252 real estate market had 26 homes for sale in October 2024, a 30.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 46
+50.0%
3 711
+57.1%
4 66
0.0%
5+ 22
0.0%

Summary: The 61252 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 increased by 50%, 3 bedroom homes increased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61252, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 61252 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 61252, IL

How long does it take to sell a home in 61252, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days42 Days+36.0%

Summary: Homes in 61252 had an average of 42 days on market in Oct 2024, up by 36% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 61252 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 61252; 33% of homes were sold within 30 days, 67% 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 14 Days Ago

Newest Listings in 61252, IL

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