$4,749 Closing Credit*
$399,900
1,885 SqFt
3 Beds
•1 Full Bath
Jared O Brien, Listing Office: Jim Maloof Realty, Inc.
Is 61491, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 61491 has remained a Seller's Market.
Key Takeaway
61491 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61491, IL
How much do homes in 61491, IL cost?
Median Sold Price
$90,000
$68/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$31,200(-25.7%)
Key Takeaway
Homes in 61491 have sold for 25.7% less than they did a year ago.
Summary: The median home sold price in 61491 was $90,000 in October 2024, down 25.7% from last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $63K | $95K | +50.8% |
| 3 Bedrooms | $110.2K | $76K | -31.1% |
| 4 Bedrooms | $134K | $102.5K | -23.5% |
| 5+ Bedrooms | - | $435K | N/A |
Summary: 61491 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50.8%, 3 bedroom homes decreased by 31.1%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes did not change.
Housing Supply in 61491, IL
How many homes are available in 61491, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Summary: The 61491 real estate market had 10 homes for sale in October 2024, a 66.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 2 | 5 | +150.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 61491 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 50%, 3 bedroom homes increased by 150%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61491, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 61491 in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for 61491, IL
How long does it take to sell a home in 61491, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 99 Days | 20 Days | -79.4% |
Summary: Homes in 61491 had an average of 20 days on market in Oct 2024, down by 79.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61491 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 61491; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.