$1,899 Closing Credit*
$159,900
1,120 SqFt
3 Beds
•1 Full Bath
Jon Ramos, Listing Office: Keller Williams Premier Realty
Is 61607, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 61607 has remained a Seller's Market.
Key Takeaway
61607 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61607, IL
How much do homes in 61607, IL cost?
Median Sold Price
$142,250
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,250(+1.6%)
Key Takeaway
Homes in 61607 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 61607 was $142,250 in November 2024, up 1.6% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72.2K | $69.5K | -3.8% |
| 2 Bedrooms | $94K | $96K | +2.1% |
| 3 Bedrooms | $143.9K | $149.5K | +3.9% |
| 4 Bedrooms | $198K | $235K | +18.7% |
| 5+ Bedrooms | $200K | $285K | +42.5% |
Summary: 61607 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 42.5%.
Housing Supply in 61607, IL
How many homes are available in 61607, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 41 | -2.4% |
Summary: The 61607 real estate market had 41 homes for sale in November 2024, a 2.4% 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 | 14 | 16 | +14.3% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61607 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 14.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61607, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 61607 in November 2024, up by 40.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for 61607, IL
How long does it take to sell a home in 61607, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 42 Days | +437.5% |
Summary: Homes in 61607 had an average of 42 days on market in Nov 2024, up by 437.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 61607 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 61607; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.