$2,255 Closing Credit*
$189,900
1,782 SqFt
3 Beds
•2 Full Baths
Mary Biros, 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
$111,000
$87/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$41,400(-27.2%)
Key Takeaway
Homes in 61561 have sold for 27.2% less than they did a month ago.
Summary: The median home sold price in 61561 was $111,000 in October 2024, down 27.2% from last month, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $102.4K | N/A |
| 3 Bedrooms | $155K | $118.5K | -23.5% |
| 4 Bedrooms | $149.8K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 61561 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 23.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 61561, IL
How many homes are available in 61561, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The 61561 real estate market had 13 homes for sale in October 2024, a 30.0% increase 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 | 3 | +50.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 61561 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 increased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were 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 4 homes were sold or pending in 61561 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 5 Days | -54.0% |
Summary: Homes in 61561 had an average of 5 days on market in Oct 2024, down by 54% compared to last month.
Breakdown of Home Sale Times
4 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 October 2024, 4 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.