Is 61483, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61483 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 61483 was a Neutral Market.

Key Takeaway

61483 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61483, IL

How much do homes in 61483, IL cost?

Median Sold Price

$158,500

$71/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$21,500(+15.7%)

Key Takeaway

Homes in 61483 have sold for 15.7% more than they did a month ago.

Summary: The median home sold price in 61483 was $158,500 in October 2024, up 15.7% from last month, and the median price per square foot was $71.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$209.5K
N/A
4 $137K$107.5K
-21.5%
5+ --
N/A

Summary: 61483 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 21.5%, and 5+ bedroom homes did not change.

Housing Supply in 61483, IL

How many homes are available in 61483, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
67+16.7%

Summary: The 61483 real estate market had 7 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 24
+100.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The 61483 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 increased by 100%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 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 61483, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 61483 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 61483, IL

How long does it take to sell a home in 61483, IL?

Average Sale Time

Sep 2024Oct 2024CHANGE
2 Days123 Days+6050.0%

Summary: Homes in 61483 had an average of 123 days on market in Oct 2024, up by 6050% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 61483 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in 61483; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 61483, IL

Nearby Markets to 61483, IL