Is 61546, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61546 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 61546 has remained a Seller's Market.

Key Takeaway

61546 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61546, IL

How much do homes in 61546, IL cost?

Median Sold Price

$139,277

$87/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$9,223(-6.2%)

Key Takeaway

Homes in 61546 have sold for 6.2% less than they did a year ago.

Summary: The median home sold price in 61546 was $139,277 in November 2024, down 6.2% from last year, and the median price per square foot was $87.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $62.5K-
N/A
2 $97.9K$125K
+27.6%
3 $149.2K$138.5K
-7.2%
4 $174.9K$174.9K
0.0%
5+ -$250K
N/A

Summary: 61546 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 increased by 27.6%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 61546, IL

How many homes are available in 61546, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1613-18.8%

Summary: The 61546 real estate market had 13 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 53
-40.0%
3 109
-10.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 61546 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 decreased by 40%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61546, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 61546 in November 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 61546, IL

How long does it take to sell a home in 61546, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days33 Days-27.0%

Summary: Homes in 61546 had an average of 33 days on market in Nov 2024, down by 27% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61546 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 61546; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

Newest Listings in 61546, IL

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