$2,493 Closing Credit*
$209,900
1,680 SqFt
3 Beds
•2 Full Baths
Jarrod Doty, Listing Office: Sunflower Real Estate Group, L
Is 61528, 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, 61528 has remained a Seller's Market.
Key Takeaway
61528 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61528, IL
How much do homes in 61528, IL cost?
Median Sold Price
$347,500
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$38,000(-9.9%)
Key Takeaway
Homes in 61528 have sold for 9.9% less than they did a year ago.
Summary: The median home sold price in 61528 was $347,500 in October 2024, down 9.9% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $158.7K | $231K | +45.5% |
| 3 Bedrooms | $315K | $300.5K | -4.6% |
| 4 Bedrooms | $346.5K | $317K | -8.5% |
| 5+ Bedrooms | $435K | $420K | -3.4% |
Summary: 61528 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 45.5%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in 61528, IL
How many homes are available in 61528, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Summary: The 61528 real estate market had 17 homes for sale in October 2024, a 41.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 61528 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 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
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 61528, 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 61528 in October 2024, up by 50.0% 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 61528, IL
How long does it take to sell a home in 61528, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 3 Days | -83.1% |
Summary: Homes in 61528 had an average of 3 days on market in Oct 2024, down by 83.1% compared to last year.
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 61528 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 61528; 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.