Is 61443, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61443 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 61443 has remained a Seller's Market.

Key Takeaway

61443 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61443, IL

How much do homes in 61443, IL cost?

Median Sold Price

$73,200

$62/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$250(-0.3%)

Key Takeaway

The sold price of homes in 61443 has remained the same since last year.

Summary: The median home sold price in 61443 was $73,200 in October 2024, down 0.3% from last year, and the median price per square foot was $62.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $60.9K$43.7K
-28.3%
2 $52K$63.9K
+23.1%
3 $78K$85K
+9.0%
4 $100K$70.2K
-29.8%
5+ $115K$132.5K
+15.2%

Summary: 61443 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.3%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 29.8%, and 5+ bedroom homes increased by 15.2%.

Median Sold Price Compared To Nearby Zip Codes

61434
+22.1%
61443
-0.3%
61234
-12.9%

Housing Supply in 61443, IL

How many homes are available in 61443, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3638+5.6%

Summary: The 61443 real estate market had 38 homes for sale in October 2024, a 5.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1111
0.0%
3 1716
-5.9%
4 710
+42.9%
5+ 11
0.0%

Summary: The 61443 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 decreased by 5.9%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
137-46.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61443, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 61443 in October 2024, down by 46.2% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for 61443, IL

How long does it take to sell a home in 61443, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days49 Days+70.9%

Summary: Homes in 61443 had an average of 49 days on market in Oct 2024, up by 70.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61443 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 61443; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 61443, IL

Nearby Markets to 61443, IL