Is 61465, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61465 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 61465 has remained a Seller's Market.

Key Takeaway

61465 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61465, IL

How much do homes in 61465, IL cost?

Median Sold Price

$270,000

$100/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$60,000(+28.6%)

Key Takeaway

Homes in 61465 have sold for 28.6% more than they did a month ago.

Summary: The median home sold price in 61465 was $270,000 in November 2024, up 28.6% from last month, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $110K-
N/A
3 $310K-
N/A
4 -$270K
N/A
5+ --
N/A

Summary: 61465 housing prices by bedroom type for November 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

61465
+28.6%
61486
+27.8%

Housing Supply in 61465, IL

How many homes are available in 61465, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
550.0%

Summary: The 61465 real estate market had 5 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 34
+33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The 61465 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

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 61465, 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 61465 in November 2024, down by 50.0% month-over-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 61465, IL

How long does it take to sell a home in 61465, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
30 Days70 Days+129.5%

Summary: Homes in 61465 had an average of 70 days on market in Nov 2024, up by 129.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 61465 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 61465; 0% of homes were sold within 30 days, 100% 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 61465, IL

Nearby Markets to 61465, IL