$1,009 Closing Credit*
$85,000
1,056 SqFt
2 Beds
•1 Full Bath
Jed Rhoades, Listing Office: Rhoades Real Estate & Land Auc
Is 61533, 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, 61533 has remained a Seller's Market.
Key Takeaway
61533 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61533, IL
How much do homes in 61533, IL cost?
Median Sold Price
$135,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,000(+48.4%)
Key Takeaway
Homes in 61533 have sold for 48.4% more than they did a year ago.
Summary: The median home sold price in 61533 was $135,000 in October 2024, up 48.4% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $114K | N/A |
| 2 Bedrooms | $63K | $123.5K | +96.0% |
| 3 Bedrooms | $98.5K | $140K | +42.1% |
| 4 Bedrooms | $415K | $189.5K | -54.3% |
| 5+ Bedrooms | - | $159.9K | N/A |
Summary: 61533 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 96%, 3 bedroom homes increased by 42.1%, 4 bedroom homes decreased by 54.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 61533 | $91K | $135K | +48.4% |
| 61547 | $245K | $267.5K | +9.2% |
Housing Supply in 61533, IL
How many homes are available in 61533, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The 61533 real estate market had 12 homes for sale in October 2024, a 20.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 61533 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 remained the same, 3 bedroom homes decreased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61533, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 61533 in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for 61533, IL
How long does it take to sell a home in 61533, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 15 Days | +49.2% |
Summary: Homes in 61533 had an average of 15 days on market in Oct 2024, up by 49.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61533 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 61533; 83% of homes were sold within 30 days, 17% 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.