Housing Prices in 61602, IL

How much do homes in 61602, IL cost?

Median List Price

$149,900

$120/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

-$12,500(-7.7%)

Key Takeaway

The list price of homes in 61602 has decreased by 7.7% since last year.

Summary: The median home list price in 61602 was $149,900 in October 2024, down 7.7% from the previous year, and the median price per square foot was $120.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $137.9K$144.9K
+5.1%
2 $149.9K$152.4K
+1.7%
3 $184.7K$185K
0.1%
4 --
N/A
5+ --
N/A

Summary: 61602 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 0.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

61606
+3.3%
61602
-7.7%

Housing Supply in 61602, IL

How many homes are available in 61602, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1013+30.0%

Summary: The 61602 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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 912
+33.3%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 61602 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 61602, IL

How long does it take to sell a home in 61602, IL?

Average Listing Age

Oct 2023Oct 2024CHANGE
169 Days77 Days-54.4%

Summary: Homes in 61602 had an average listing age of 77 days in Oct 2024, down by 54.4% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 61602, IL

Nearby Markets to 61602, IL