Is 61469, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61469 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 61469 has remained a Buyer's Market.

Key Takeaway

61469 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 61469, IL

How much do homes in 61469, IL cost?

Median Sold Price

$329,555

$153/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$166,410(-33.6%)

Key Takeaway

Homes in 61469 have sold for 33.6% less than they did a month ago.

Summary: The median home sold price in 61469 was $329,555 in November 2024, down 33.6% from last month, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$90K
N/A
3 -$569.1K
N/A
4 $495.9K-
N/A
5+ --
N/A

Summary: 61469 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.

Housing Supply in 61469, IL

How many homes are available in 61469, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1415+7.1%

Summary: The 61469 real estate market had 15 homes for sale in November 2024, a 7.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 44
0.0%
4 77
0.0%
5+ 11
0.0%

Summary: The 61469 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61469, 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 61469 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 61469, IL

How long does it take to sell a home in 61469, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
1 Day11 Days+1050.0%

Summary: Homes in 61469 had an average of 11 days on market in Nov 2024, up by 1050% 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 61469 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 61469; 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 22 Days Ago

Newest Listings in 61469, IL

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