$2,244 Closing Credit*
$189,000
2,543 SqFt
3 Beds
•2 Full Baths
Chuck Cook, Listing Office: Jim Maloof Realty, Inc.
Is 61540, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 61540 has remained a Seller's Market.
Key Takeaway
61540 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61540, IL
How much do homes in 61540, IL cost?
Median Sold Price
$144,500
$81/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,750(+12.2%)
Key Takeaway
Homes in 61540 have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in 61540 was $144,500 in November 2024, up 12.2% from last year, and the median price per square foot was $81.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | - | N/A |
| 2 Bedrooms | $73.4K | $72K | -2.0% |
| 3 Bedrooms | $128.8K | $159.9K | +24.1% |
| 4 Bedrooms | $150K | $195K | +30.0% |
| 5+ Bedrooms | $220K | - | N/A |
Summary: 61540 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 30%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 61537 | $106.5K | $126.2K | +18.5% |
| 61540 | $128.7K | $144.5K | +12.2% |
Housing Supply in 61540, IL
How many homes are available in 61540, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The 61540 real estate market had 10 homes for sale in November 2024, a 23.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61540 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 increased by 50%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61540, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 61540 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 61540, IL
How long does it take to sell a home in 61540, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 10 Days | -75.5% |
Summary: Homes in 61540 had an average of 10 days on market in Nov 2024, down by 75.5% 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 61540 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 61540; 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.