Is 61415, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61415 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 61415 has remained a Seller's Market.

Key Takeaway

61415 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61415, IL

How much do homes in 61415, IL cost?

Median Sold Price

$140,000

$75/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$90,000(-39.1%)

Key Takeaway

Homes in 61415 have sold for 39.1% less than they did a year ago.

Summary: The median home sold price in 61415 was $140,000 in October 2024, down 39.1% from last year, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $85K$85K
0.0%
3 $72K$185K
+156.9%
4 $327.5K$179.7K
-45.1%
5+ $390K$66.2K
-83.0%

Summary: 61415 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 did not change, 3 bedroom homes increased by 156.9%, 4 bedroom homes decreased by 45.1%, and 5+ bedroom homes decreased by 83%.

Housing Supply in 61415, IL

How many homes are available in 61415, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1314+7.7%

Summary: The 61415 real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 67
+16.7%
4 22
0.0%
5+ 11
0.0%

Summary: The 61415 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 increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 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 61415, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 61415 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 61415, IL

How long does it take to sell a home in 61415, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
210 Days27 Days-86.8%

Summary: Homes in 61415 had an average of 27 days on market in Oct 2024, down by 86.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were 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 61415 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 61415; 33% of homes were sold within 30 days, 67% 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 21 Days Ago

Newest Listings in 61415, IL

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