Is 61455, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61455 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 61455 was a Seller's Market.

Key Takeaway

61455 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 61455, IL

How much do homes in 61455, IL cost?

Median Sold Price

$101,000

$69/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,100(+7.6%)

Key Takeaway

Homes in 61455 have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in 61455 was $101,000 in October 2024, up 7.6% from last year, and the median price per square foot was $69.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55K$36.7K
-33.2%
2 $67.9K$79.5K
+17.0%
3 $102K$101.2K
-0.7%
4 $135K$161K
+19.3%
5+ $143K$199.9K
+39.8%

Summary: 61455 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.2%, 2 bedroom homes increased by 17%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 39.8%.

Housing Supply in 61455, IL

How many homes are available in 61455, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8992+3.4%

Summary: The 61455 real estate market had 92 homes for sale in October 2024, a 3.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 2325
+8.7%
3 4142
+2.4%
4 2019
-5.0%
5+ 55
0.0%

Summary: The 61455 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
167-56.3%

Asking Price vs. Sold Price

7 Homes Were 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 61455, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 61455 in October 2024, down by 56.3% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 61455, IL

How long does it take to sell a home in 61455, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days87 Days+76.5%

Summary: Homes in 61455 had an average of 87 days on market in Oct 2024, up by 76.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61455 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 61455; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 61455, IL

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