Is 61360, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61360 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 61360 has remained a Seller's Market.

Key Takeaway

61360 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61360, IL

How much do homes in 61360, IL cost?

Median Sold Price

$179,750

$135/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$152,250(-45.9%)

Key Takeaway

Homes in 61360 have sold for 45.9% less than they did a month ago.

Summary: The median home sold price in 61360 was $179,750 in December 2024, down 45.9% from last month, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$173.5K
N/A
3 -$142K
N/A
4 $332K$244.9K
-26.2%
5+ -$186K
N/A

Summary: 61360 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes did not change.

Housing Supply in 61360, IL

How many homes are available in 61360, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
119-18.2%

Summary: The 61360 real estate market had 9 homes for sale in December 2024, a 18.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 75
-28.6%
5+ 11
0.0%

Summary: The 61360 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61360, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 61360 in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 61360, IL

How long does it take to sell a home in 61360, IL?

Average Sale Time

Nov 2024Dec 2024CHANGE
46 Days15 Days-67.2%

Summary: Homes in 61360 had an average of 15 days on market in Dec 2024, down by 67.2% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61360 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in 61360; 100% of homes were sold within 30 days, 0% 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 61360, IL

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