Is 61369, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61369 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 61369 has remained a Seller's Market.

Key Takeaway

61369 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61369, IL

How much do homes in 61369, IL cost?

Median Sold Price

$93,750

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$22,750(-19.5%)

Key Takeaway

Homes in 61369 have sold for 19.5% less than they did a year ago.

Summary: The median home sold price in 61369 was $93,750 in October 2024, down 19.5% from last year, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $78K$76K
-2.6%
3 $143.7K$110K
-23.5%
4 $185K$169.5K
-8.4%
5+ $743K-
N/A

Summary: 61369 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61760
+6.4%
61369
-19.5%

Housing Supply in 61369, IL

How many homes are available in 61369, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
105-50.0%

Summary: The 61369 real estate market had 5 homes for sale in October 2024, a 50.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 62
-66.7%
3 43
-25.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 61369 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was 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 61369, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 61369 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 61369, IL

How long does it take to sell a home in 61369, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days55 Days+189.5%

Summary: Homes in 61369 had an average of 55 days on market in Oct 2024, up by 189.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 61369 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 61369; 0% of homes were sold within 30 days, 100% 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 14 Days Ago

Newest Listings in 61369, IL

Nearby Markets to 61369, IL