Is 61368, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61368 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 61368 has remained a Seller's Market.

Key Takeaway

61368 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61368, IL

How much do homes in 61368, IL cost?

Median Sold Price

$182,500

$138/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$57,000(+45.4%)

Key Takeaway

Homes in 61368 have sold for 45.4% more than they did a month ago.

Summary: The median home sold price in 61368 was $182,500 in December 2024, up 45.4% from last month, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$180K
N/A
3 $146K$185K
+26.7%
4 $105K-
N/A
5+ --
N/A

Summary: 61368 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 increased by 26.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 61368, IL

How many homes are available in 61368, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
64-33.3%

Summary: The 61368 real estate market had 4 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 21
-50.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The 61368 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 decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61368, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 61368 in December 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 61368, IL

How long does it take to sell a home in 61368, IL?

Average Sale Time

Nov 2024Dec 2024CHANGE
73 Days82 Days+12.3%

Summary: Homes in 61368 had an average of 82 days on market in Dec 2024, up by 12.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61368 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 61368; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 2 Days Ago

Newest Listings in 61368, IL

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