Is 61764, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61764 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 61764 has remained a Seller's Market.

Key Takeaway

61764 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61764, IL

How much do homes in 61764, IL cost?

Median Sold Price

$139,750

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,300(+9.7%)

Key Takeaway

Homes in 61764 have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in 61764 was $139,750 in October 2024, up 9.7% from last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $74K$29.9K
-59.6%
2 $82K$95K
+15.9%
3 $135K$144.9K
+7.4%
4 $211.4K$172K
-18.7%
5+ $215K$214K
-0.5%

Summary: 61764 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.6%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Zip Codes

61764
+9.7%
61726
+4.2%
61319
-25.1%

Housing Supply in 61764, IL

How many homes are available in 61764, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4844-8.3%

Summary: The 61764 real estate market had 44 homes for sale in October 2024, a 8.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 2726
-3.7%
4 88
0.0%
5+ 53
-40.0%

Summary: The 61764 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 12.5%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
148-42.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61764, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 61764 in October 2024, down by 42.9% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 61764, IL

How long does it take to sell a home in 61764, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days49 Days+157.7%

Summary: Homes in 61764 had an average of 49 days on market in Oct 2024, up by 157.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 61764 has remained consistent over time.

Summary: During October 2024, 8 homes were sold in 61764; 25% of homes were sold within 30 days, 75% 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 21 Days Ago

Newest Listings in 61764, IL

Nearby Markets to 61764, IL