$1,959 Closing Credit*
$165,000
1,753 SqFt
3 Beds
•2 Full Baths
Julie Bowald, Listing Office: Jim Maloof Realty, Inc.
Is 61561, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 61561 has remained a Seller's Market.
Key Takeaway
61561 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61561, IL
How much do homes in 61561, IL cost?
Median Sold Price
$107,450
$84/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$3,550(-3.2%)
Key Takeaway
Homes in 61561 have sold for 3.2% less than they did a month ago.
Summary: The median home sold price in 61561 was $107,450 in November 2024, down 3.2% from last month, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $102.4K | $59.9K | -41.5% |
| 3 Bedrooms | $118.5K | $155K | +30.8% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 61561 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.5%, 3 bedroom homes increased by 30.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 61530 | $176.5K | $269.5K | +52.7% |
| 61771 | $180.5K | $178K | -1.4% |
| 61561 | $111K | $107.4K | -3.2% |
| 61516 | $185K | $64K | -65.4% |
Housing Supply in 61561, IL
How many homes are available in 61561, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The 61561 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 61561 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 66.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 61561, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 61561 in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 61561, IL
How long does it take to sell a home in 61561, IL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 3 Days | -47.8% |
Summary: Homes in 61561 had an average of 3 days on market in Nov 2024, down by 47.8% compared to last month.
Breakdown of Home Sale Times
2 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 61561 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 61561; 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.