Is 61265, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61265 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 61265 has remained a Seller's Market.

Key Takeaway

61265 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61265, IL

How much do homes in 61265, IL cost?

Median Sold Price

$155,450

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,905(+6.8%)

Key Takeaway

Homes in 61265 have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in 61265 was $155,450 in October 2024, up 6.8% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $65K$65.2K
0.3%
2 $119K$121K
+1.7%
3 $158.7K$158.1K
-0.4%
4 $188.5K$217K
+15.1%
5+ $235.1K$295K
+25.5%

Summary: 61265 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 25.5%.

Median Sold Price Compared To Nearby Zip Codes

61240
+41.8%
61244
+9.8%
61201
+9.5%
61265
+6.8%
52722
+2.3%

Housing Supply in 61265, IL

How many homes are available in 61265, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
172182+5.8%

Summary: The 61265 real estate market had 182 homes for sale in October 2024, a 5.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 4348
+11.6%
3 8591
+7.1%
4 3336
+9.1%
5+ 96
-33.3%

Summary: The 61265 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4654+17.4%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61265, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in 61265 in October 2024, up by 17.4% month-over-month. Of the 54 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% were sold over asking.

Days on Market for 61265, IL

How long does it take to sell a home in 61265, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days17 Days+25.5%

Summary: Homes in 61265 had an average of 17 days on market in Oct 2024, up by 25.5% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61265 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 54 homes were sold in 61265; 81% of homes were sold within 30 days, 19% 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 4 Days Ago

Newest Listings in 61265, IL

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