$949 Closing Credit*
$79,900
1,223 SqFt
3 Beds
•1 Full Bath
Kelly Mason, Listing Office: Jim Maloof Realty, Inc.
Is 61542, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 61542 has remained a Seller's Market.
Key Takeaway
61542 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61542, IL
How much do homes in 61542, IL cost?
Median Sold Price
$83,725
$66/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$13,725(+19.6%)
Key Takeaway
Homes in 61542 have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in 61542 was $83,725 in December 2024, up 19.6% from last year, and the median price per square foot was $66.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $87.5K | N/A |
| 2 Bedrooms | $64.7K | $71.2K | +10.0% |
| 3 Bedrooms | $112K | $97.5K | -12.9% |
| 4 Bedrooms | $76K | $143.5K | +88.9% |
| 5+ Bedrooms | $219K | $105K | -52.1% |
Summary: 61542 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes increased by 88.9%, and 5+ bedroom homes decreased by 52.1%.
Median Sold Price Compared To Nearby Zip Codes
| 61542 | $70K | $83.7K | +19.6% |
| 62644 | $71.5K | $75K | +4.9% |
Housing Supply in 61542, IL
How many homes are available in 61542, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The 61542 real estate market had 14 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61542 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 0 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61542, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 61542 in December 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for 61542, IL
How long does it take to sell a home in 61542, IL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 14 Days | 8 Days | -38.1% |
Summary: Homes in 61542 had an average of 8 days on market in Dec 2024, down by 38.1% 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 61542 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in 61542; 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.