$1,211 Closing Credit*
$102,000
1,720 SqFt
4 Beds
•1 Full Bath
Lisa Inman, Listing Office: BHHS Central Illinois, REALTORS®
Is 61531, 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, 61531 has remained a Seller's Market.
Key Takeaway
61531 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61531, IL
How much do homes in 61531, IL cost?
Median Sold Price
$130,000
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+23.8%)
Key Takeaway
Homes in 61531 have sold for 23.8% more than they did a year ago.
Summary: The median home sold price in 61531 was $130,000 in October 2024, up 23.8% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $64K | $78.4K | +22.6% |
| 3 Bedrooms | $111K | $139.9K | +26.0% |
| 4 Bedrooms | $136.2K | $120.5K | -11.5% |
| 5+ Bedrooms | $55K | $240K | +336.4% |
Summary: 61531 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 22.6%, 3 bedroom homes increased by 26%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 336.4%.
Median Sold Price Compared To Nearby Zip Codes
| 61529 | $113.9K | $149.2K | +31.0% |
| 61531 | $105K | $130K | +23.8% |
Housing Supply in 61531, IL
How many homes are available in 61531, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The 61531 real estate market had 11 homes for sale in October 2024, a 8.3% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61531 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 25%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 61531, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 61531 in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 61531, IL
How long does it take to sell a home in 61531, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 20 Days | +1.3% |
Summary: Homes in 61531 had an average of 20 days on market in Oct 2024, up by 1.3% 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 61531 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 61531; 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.