Housing Prices in 61501, IL

How much do homes in 61501, IL cost?

Median List Price

$81,500

$46/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$12,000(+17.3%)

Key Takeaway

The list price of homes in 61501 has increased by 17.3% since last year.

Summary: The median home list price in 61501 was $81,500 in October 2024, up 17.3% from the previous year, and the median price per square foot was $46.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $60K$17.9K
-70.2%
2 $54.9K$42K
-23.5%
3 $71.2K$285K
+300.3%
4 $179.9K$127K
-29.4%
5+ -$139.9K
N/A

Summary: 61501 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.2%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes increased by 300.3%, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes did not change.

Housing Supply in 61501, IL

How many homes are available in 61501, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
69+50.0%

Summary: The 61501 real estate market had 9 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 12
+100.0%
4 23
+50.0%
5+ 11
0.0%

Summary: The 61501 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 increased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Days on Market for 61501, IL

How long does it take to sell a home in 61501, IL?

Average Listing Age

Oct 2023Oct 2024CHANGE
132 Days82 Days-37.9%

Summary: Homes in 61501 had an average listing age of 82 days in Oct 2024, down by 37.9% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in 61501, IL

Nearby Markets to 61501, IL