Is 61530, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61530 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 61530 has remained a Seller's Market.

Key Takeaway

61530 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61530, IL

How much do homes in 61530, IL cost?

Median Sold Price

$269,500

$98/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$93,000(+52.7%)

Key Takeaway

Homes in 61530 have sold for 52.7% more than they did a month ago.

Summary: The median home sold price in 61530 was $269,500 in November 2024, up 52.7% from last month, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $169K$198.2K
+17.3%
4 $150K-
N/A
5+ $240K$335K
+39.6%

Summary: 61530 housing prices by bedroom type for November 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 increased by 17.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 39.6%.

Median Sold Price Compared To Nearby Zip Codes

61530
+52.7%
61771
-1.4%
61561
-3.2%
61742
-53.5%

Housing Supply in 61530, IL

How many homes are available in 61530, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1412-14.3%

Summary: The 61530 real estate market had 12 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 64
-33.3%
4 56
+20.0%
5+ 21
-50.0%

Summary: The 61530 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61530, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 61530 in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for 61530, IL

How long does it take to sell a home in 61530, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
33 Days14 Days-56.1%

Summary: Homes in 61530 had an average of 14 days on market in Nov 2024, down by 56.1% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61530 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 61530; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 17 Days Ago

Newest Listings in 61530, IL

Nearby Markets to 61530, IL