$1,781 Closing Credit*
$150,000
Phillip Esquer, Listing Office: Arrow Real Estate Inc.
Is 61434, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 61434 has remained a Seller's Market.
Key Takeaway
61434 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61434, IL
How much do homes in 61434, IL cost?
Median Sold Price
$101,000
$62/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,250(+22.1%)
Key Takeaway
Homes in 61434 have sold for 22.1% more than they did a year ago.
Summary: The median home sold price in 61434 was $101,000 in October 2024, up 22.1% from last year, and the median price per square foot was $62.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $29K | $20K | -31.0% |
| 2 Bedrooms | $62.9K | $90K | +43.1% |
| 3 Bedrooms | $90.7K | $99K | +9.1% |
| 4 Bedrooms | $100K | $104K | +4.0% |
| 5+ Bedrooms | - | $145K | N/A |
Summary: 61434 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31%, 2 bedroom homes increased by 43.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 61434 | $82.7K | $101K | +22.1% |
| 61443 | $73.4K | $73.2K | -0.3% |
Housing Supply in 61434, IL
How many homes are available in 61434, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The 61434 real estate market had 18 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61434 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 increased by 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 61434, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 61434 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 61434, IL
How long does it take to sell a home in 61434, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 13 Days | -70.5% |
Summary: Homes in 61434 had an average of 13 days on market in Oct 2024, down by 70.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61434 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 61434; 83% of homes were sold within 30 days, 17% 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.