$2,018 Closing Credit*
$169,900
2,108 SqFt
4 Beds
•1 Full Bath, 1 Partial
Michaeline Harrison, Listing Office: Jim Maloof Realty, Inc.
Is 61422, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 61422 was a Seller's Market.
Key Takeaway
61422 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 61422, IL
How much do homes in 61422, IL cost?
Median Sold Price
$86,000
$46/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$2,000(+2.4%)
Key Takeaway
Homes in 61422 have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in 61422 was $86,000 in December 2024, up 2.4% from last year, and the median price per square foot was $46.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $62.5K | $85K | +36.0% |
| 3 Bedrooms | $111K | $78K | -29.7% |
| 4 Bedrooms | $128K | $130K | +1.6% |
| 5+ Bedrooms | - | $129.1K | N/A |
Summary: 61422 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36%, 3 bedroom homes decreased by 29.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes did not change.
Housing Supply in 61422, IL
How many homes are available in 61422, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Summary: The 61422 real estate market had 14 homes for sale in December 2024, a 27.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 61422 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 increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61422, 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 61422 in December 2024, the same as the previous 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 61422, IL
How long does it take to sell a home in 61422, IL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 43 Days | 98 Days | +127.9% |
Summary: Homes in 61422 had an average of 98 days on market in Dec 2024, up by 127.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 61422 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 1 homes were sold in 61422; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.