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 October 2023

Since last year, 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

$199,900

$94/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,400(+15.9%)

Key Takeaway

Homes in 61530 have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in 61530 was $199,900 in October 2024, up 15.9% from last year, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$58K
N/A
2 $135.5K$116.5K
-14.0%
3 $166.9K$206.5K
+23.7%
4 $203K$190.7K
-6.0%
5+ $209.7K$240K
+14.4%

Summary: 61530 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 decreased by 14%, 3 bedroom homes increased by 23.7%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 14.4%.

Median Sold Price Compared To Nearby Zip Codes

61530
+15.9%
61771
+9.1%

Housing Supply in 61530, IL

How many homes are available in 61530, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1412-14.3%

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

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 64
-33.3%
4 34
+33.3%
5+ 33
0.0%

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

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 61530 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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 2023Oct 2024CHANGE
23 Days33 Days+44.2%

Summary: Homes in 61530 had an average of 33 days on market in Oct 2024, up by 44.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 4 homes were sold in 61530; 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.

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

Report Updated 16 Days Ago

Newest Listings in 61530, IL

Nearby Markets to 61530, IL