Is 61610, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61610 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 61610 has remained a Seller's Market.

Key Takeaway

61610 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61610, IL

How much do homes in 61610, IL cost?

Median Sold Price

$98,950

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,622(+12.0%)

Key Takeaway

Homes in 61610 have sold for 12% more than they did a year ago.

Summary: The median home sold price in 61610 was $98,950 in December 2024, up 12% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $27.5K$54.5K
+98.2%
2 $80K$80.4K
+0.6%
3 $92.7K$112.5K
+21.3%
4 $112K$179.9K
+60.7%
5+ -$151K
N/A

Summary: 61610 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 98.2%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 60.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61610
+12.0%
61611
+8.8%
61607
+4.2%
61554
+4.2%

Housing Supply in 61610, IL

How many homes are available in 61610, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
18180.0%

Summary: The 61610 real estate market had 18 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 68
+33.3%
3 76
-14.3%
4 22
0.0%
5+ 10
-100.0%

Summary: The 61610 housing inventory by bedroom type for December 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 decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61610, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 61610 in December 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 61610, IL

How long does it take to sell a home in 61610, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
6 Days22 Days+247.0%

Summary: Homes in 61610 had an average of 22 days on market in Dec 2024, up by 247% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61610 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in 61610; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 17 Days Ago

Newest Listings in 61610, IL

Nearby Markets to 61610, IL