Is 61370, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61370 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 61370 has remained a Seller's Market.

Key Takeaway

61370 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61370, IL

How much do homes in 61370, IL cost?

Median Sold Price

$145,862

$84/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$26,137(-15.2%)

Key Takeaway

Homes in 61370 have sold for 15.2% less than they did a month ago.

Summary: The median home sold price in 61370 was $145,862 in October 2024, down 15.2% from last month, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $172K$145.8K
-15.2%
4 --
N/A
5+ --
N/A

Summary: 61370 housing prices by bedroom type for October 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 decreased by 15.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61334
+59.8%
61370
-15.2%

Housing Supply in 61370, IL

How many homes are available in 61370, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
54-20.0%

Summary: The 61370 real estate market had 4 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 61370 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 remained the same, 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
12+100.0%

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 61370, 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 61370 in October 2024, up by 100.0% month-over-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 61370, IL

How long does it take to sell a home in 61370, IL?

Average Sale Time

Sep 2024Oct 2024CHANGE
8 Days50 Days+525.0%

Summary: Homes in 61370 had an average of 50 days on market in Oct 2024, up by 525% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61370 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 61370; 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.

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 61370, IL

Nearby Markets to 61370, IL