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 4 Days Ago

Newest Listings in 61602, IL

Nearby Markets to 61602, IL