$771 Closing Credit*
$64,900
1,295 SqFt
2 Beds
•1 Full Bath
Dawn Purple, Listing Office: Re/Max Traders Unlimited
Is 61606, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 61606 was a Seller's Market.
Key Takeaway
61606 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 61606, IL
How much do homes in 61606, IL cost?
Median Sold Price
$97,500
$53/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,450(-8.8%)
Key Takeaway
Homes in 61606 have sold for 8.8% less than they did a year ago.
Summary: The median home sold price in 61606 was $97,500 in November 2024, down 8.8% from last year, and the median price per square foot was $53.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $22K | - | N/A |
| 2 Bedrooms | $75K | $48.4K | -35.4% |
| 3 Bedrooms | $100K | $103.9K | +4.0% |
| 4 Bedrooms | $115K | $122K | +6.1% |
| 5+ Bedrooms | $194.9K | $105K | -46.1% |
Summary: 61606 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 decreased by 35.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 46.1%.
Housing Supply in 61606, IL
How many homes are available in 61606, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Summary: The 61606 real estate market had 31 homes for sale in November 2024, a 24.0% increase 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 61606 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 increased by 200%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 61606, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 61606 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 61606, IL
How long does it take to sell a home in 61606, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 23 Days | -7.4% |
Summary: Homes in 61606 had an average of 23 days on market in Nov 2024, down by 7.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61606 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 61606; 67% of homes were sold within 30 days, 33% 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.