Is 61428, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61428 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 61428 has remained a Buyer's Market.

Key Takeaway

61428 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 61428, IL

How much do homes in 61428, IL cost?

Median Sold Price

$407,500

-

Based on all homes sold in December 2024.

Difference Since Last Month

+$247,500(+154.7%)

Key Takeaway

Homes in 61428 have sold for 154.7% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $160K-
N/A
4 -$407.5K
N/A
5+ --
N/A

Summary: 61428 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61428
+154.7%
61448
-51.1%

Housing Supply in 61428, IL

How many homes are available in 61428, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
109-10.0%

Summary: The 61428 real estate market had 9 homes for sale in December 2024, a 10.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 87
-12.5%
4 22
0.0%
5+ 00
0.0%

Summary: The 61428 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 decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

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 61428, 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 61428 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 61428, IL

How long does it take to sell a home in 61428, IL?

Average Sale Time

Nov 2024Dec 2024CHANGE
1 Day15 Days+1400.0%

Summary: Homes in 61428 had an average of 15 days on market in Dec 2024, up by 1400% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61428 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in 61428; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 61428, IL

Nearby Markets to 61428, IL