Is 61462, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61462 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 61462 was a Seller's Market.

Key Takeaway

61462 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 61462, IL

How much do homes in 61462, IL cost?

Median Sold Price

$93,750

$137/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$8,750(+10.3%)

Key Takeaway

Homes in 61462 have sold for 10.3% more than they did a month ago.

Summary: The median home sold price in 61462 was $93,750 in October 2024, up 10.3% from last month, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $153.5K$115K
-25.1%
3 $85K-
N/A
4 -$72.5K
N/A
5+ --
N/A

Summary: 61462 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 61462, IL

How many homes are available in 61462, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1514-6.7%

Summary: The 61462 real estate market had 14 homes for sale in October 2024, a 6.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 65
-16.7%
3 55
0.0%
4 33
0.0%
5+ 00
0.0%

Summary: The 61462 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 decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61462, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 61462 in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 61462, IL

How long does it take to sell a home in 61462, IL?

Average Sale Time

Sep 2024Oct 2024CHANGE
46 Days9 Days-80.4%

Summary: Homes in 61462 had an average of 9 days on market in Oct 2024, down by 80.4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were 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 61462 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 61462; 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 21 Days Ago

Newest Listings in 61462, IL

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