$653 Closing Credit*
$55,000
1,128 SqFt
3 Beds
•1 Full Bath
Clint Peterson, Listing Office: Re/Max Traders Unlimited
Is 61520, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$98,750
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,250(+4.5%)
Key Takeaway
Homes in 61520 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 61520 was $98,750 in November 2024, up 4.5% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46.9K | $17.5K | -62.7% |
| 2 Bedrooms | $80K | $69.2K | -13.5% |
| 3 Bedrooms | $99.5K | $127.5K | +28.1% |
| 4 Bedrooms | $164.7K | $172.5K | +4.7% |
| 5+ Bedrooms | $124.5K | $294.9K | +136.9% |
Summary: 61520 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.7%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 136.9%.
Housing Supply in 61520, IL
How many homes are available in 61520, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 52 | -14.8% |
Summary: The 61520 real estate market had 52 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 16 | -23.8% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 61520 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 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. 64.7% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 61520 in November 2024, up by 41.7% month-over-month. Of the 17 sold homes, 65% were sold under asking, 24% were sold at asking, and 12% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 27 Days | -31.8% |
Summary: Homes in 61520 had an average of 27 days on market in Nov 2024, down by 31.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 61520 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in 61520; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.