$1,781 Closing Credit*
$150,000
Diane Godwin-Luckey, Listing Office: RE/MAX Concepts Moline
Is 61264, 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, 61264 has remained a Seller's Market.
Key Takeaway
61264 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61264, IL
How much do homes in 61264, IL cost?
Median Sold Price
$161,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,000(+13.4%)
Key Takeaway
Homes in 61264 have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in 61264 was $161,000 in October 2024, up 13.4% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.5K | $79.5K | +45.9% |
| 2 Bedrooms | $101.9K | $108.5K | +6.4% |
| 3 Bedrooms | $143.5K | $160K | +11.5% |
| 4 Bedrooms | $230K | $248.7K | +8.1% |
| 5+ Bedrooms | $445K | $256K | -42.5% |
Summary: 61264 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.9%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 42.5%.
Housing Supply in 61264, IL
How many homes are available in 61264, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Summary: The 61264 real estate market had 33 homes for sale in October 2024, a 3.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 61264 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 61264, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 61264 in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for 61264, IL
How long does it take to sell a home in 61264, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 20 Days | -26.8% |
Summary: Homes in 61264 had an average of 20 days on market in Oct 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61264 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 61264; 67% of homes were sold within 30 days, 33% 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.