Is 61375, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61375 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 61375 was a Seller's Market.

Key Takeaway

61375 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 61375, IL

How much do homes in 61375, IL cost?

Median Sold Price

$205,000

$117/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$39,000(-16.0%)

Key Takeaway

Homes in 61375 have sold for 16% less than they did a month ago.

Summary: The median home sold price in 61375 was $205,000 in November 2024, down 16% from last month, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $228K$205K
-10.1%
4 $260K-
N/A
5+ --
N/A

Summary: 61375 housing prices by bedroom type for November 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 10.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61375
-16.0%
61369
-52.3%

Housing Supply in 61375, IL

How many homes are available in 61375, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
67+16.7%

Summary: The 61375 real estate market had 7 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 44
0.0%
4 10
-100.0%
5+ 01
+100.0%

Summary: The 61375 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

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 61375, 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 61375 in November 2024, down by 50.0% 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 61375, IL

How long does it take to sell a home in 61375, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
100 Days36 Days-64.0%

Summary: Homes in 61375 had an average of 36 days on market in Nov 2024, down by 64% compared to last month.

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 61375 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 61375; 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 17 Days Ago

Newest Listings in 61375, IL

Nearby Markets to 61375, IL