$1,057 Closing Credit*
$89,000
1,144 SqFt
3 Beds
•2 Full Baths
Renee Lewis, Listing Office: Jim Maloof Realty, Inc.
Is 61520, 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, 61520 has remained a Seller's Market.
Key Takeaway
61520 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61520, IL
How much do homes in 61520, IL cost?
Median Sold Price
$106,000
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,250(+14.3%)
Key Takeaway
Homes in 61520 have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in 61520 was $106,000 in October 2024, up 14.3% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46.2K | $34.2K | -25.9% |
| 2 Bedrooms | $80K | $69.2K | -13.5% |
| 3 Bedrooms | $99K | $130.2K | +31.6% |
| 4 Bedrooms | $131K | $172.5K | +31.7% |
| 5+ Bedrooms | $141K | $214.9K | +52.4% |
Summary: 61520 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.9%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes increased by 52.4%.
Housing Supply in 61520, IL
How many homes are available in 61520, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 62 | +24.0% |
Summary: The 61520 real estate market had 62 homes for sale in October 2024, a 24.0% 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 | 18 | 21 | +16.7% |
| 3 Bedrooms | 16 | 26 | +62.5% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 61520 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 16.7%, 3 bedroom homes increased by 62.5%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61520, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 61520 in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 61520, IL
How long does it take to sell a home in 61520, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 55 Days | +135.0% |
Summary: Homes in 61520 had an average of 55 days on market in Oct 2024, up by 135% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61520 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 61520; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.