$1,900 Closing Credit*
$160,000
1,373 SqFt
3 Beds
•1 Full Bath
Jinnie Riley, Listing Office: Keller Williams Greater Quad Cities / Midwest Partners
Is 61281, 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, 61281 has remained a Seller's Market.
Key Takeaway
61281 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61281, IL
How much do homes in 61281, IL cost?
Median Sold Price
$230,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+5.7%)
Key Takeaway
Homes in 61281 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 61281 was $230,000 in October 2024, up 5.7% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.2K | $126K | +44.4% |
| 2 Bedrooms | $135K | $191K | +41.5% |
| 3 Bedrooms | $169K | $220K | +30.2% |
| 4 Bedrooms | $327.5K | $287.5K | -12.2% |
| 5+ Bedrooms | $359.9K | $313.9K | -12.8% |
Summary: 61281 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 41.5%, 3 bedroom homes increased by 30.2%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes decreased by 12.8%.
Housing Supply in 61281, IL
How many homes are available in 61281, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The 61281 real estate market had 10 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61281 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61281, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 61281 in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 61281, IL
How long does it take to sell a home in 61281, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 17 Days | -74.3% |
Summary: Homes in 61281 had an average of 17 days on market in Oct 2024, down by 74.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61281 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 61281; 50% of homes were sold within 30 days, 50% 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.