$59,500
Land
Courtney Dean, Listing Office: Jim Maloof Realty, Inc.
Is 61517, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 61517 was a Neutral Market.
Key Takeaway
61517 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61517, IL
How much do homes in 61517, IL cost?
Median Sold Price
$482,500
$112/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$12,500(+2.7%)
Key Takeaway
Homes in 61517 have sold for 2.7% more than they did a month ago.
Summary: The median home sold price in 61517 was $482,500 in December 2024, up 2.7% from last month, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $470K | $440K | -6.4% |
| 5+ Bedrooms | - | $482.5K | N/A |
Summary: 61517 housing prices by bedroom type for December 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 6.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 61559 | $152.5K | $385K | +152.5% |
| 61536 | $272.5K | $324.4K | +19.1% |
| 61517 | $470K | $482.5K | +2.7% |
Housing Supply in 61517, IL
How many homes are available in 61517, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The 61517 real estate market had 5 homes for sale in December 2024, a 16.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 61517 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 61517, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 61517 in December 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 61517, IL
How long does it take to sell a home in 61517, IL?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 Days | 13 Days | +36.7% |
Summary: Homes in 61517 had an average of 13 days on market in Dec 2024, up by 36.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61517 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in 61517; 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.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.