$1,424 Closing Credit*
$119,900
1,364 SqFt
3 Beds
•1 Full Bath
Caley Rumler, Listing Office: Real Broker, LLC
Is 61427, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 61427 was a Seller's Market.
Key Takeaway
61427 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 61427, IL
How much do homes in 61427, IL cost?
Median Sold Price
$113,000
$96/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$172,000(-60.4%)
Key Takeaway
Homes in 61427 have sold for 60.4% less than they did a month ago.
Summary: The median home sold price in 61427 was $113,000 in December 2024, down 60.4% from last month, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $420K | $113K | -73.1% |
| 4 Bedrooms | $150K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 61427 housing prices by bedroom type for December 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 73.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 61427, IL
How many homes are available in 61427, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The 61427 real estate market had 6 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 61427 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 61427, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 61427 in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 61427, IL
How long does it take to sell a home in 61427, IL?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 Days | 5 Days | -64.3% |
Summary: Homes in 61427 had an average of 5 days on market in Dec 2024, down by 64.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61427 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1 homes were sold in 61427; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.