$1,853 Closing Credit*
$156,000
1,000 SqFt
3 Beds
•1 Full Bath
Derek Wiseman, Listing Office: eXp Realty, LLC
Is 61616, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 61616 has remained a Seller's Market.
Key Takeaway
61616 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61616, IL
How much do homes in 61616, IL cost?
Median Sold Price
$114,950
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$50(0%)
Key Takeaway
The sold price of homes in 61616 has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.5K | $55.1K | -28.0% |
| 2 Bedrooms | $91.7K | $94.9K | +3.4% |
| 3 Bedrooms | $132.2K | $117.4K | -11.2% |
| 4 Bedrooms | $157K | $189.9K | +21.0% |
| 5+ Bedrooms | $177K | $770K | +335.0% |
Summary: 61616 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes increased by 21%, and 5+ bedroom homes increased by 335%.
Housing Supply in 61616, IL
How many homes are available in 61616, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 24 | -25.0% |
Summary: The 61616 real estate market had 24 homes for sale in October 2024, a 25.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 61616 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 decreased by 7.1%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 61616, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 61616 in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for 61616, IL
How long does it take to sell a home in 61616, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 1 Day | 42 Days | +4100.0% |
Summary: Homes in 61616 had an average of 42 days on market in Oct 2024, up by 4100% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 61616 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 61616; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.