Is 61818, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61818 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 61818 was a Seller's Market.

Key Takeaway

61818 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 61818, IL

How much do homes in 61818, IL cost?

Median Sold Price

$108,595

$62/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$29,405(-21.3%)

Key Takeaway

Homes in 61818 have sold for 21.3% less than they did a year ago.

Summary: The median home sold price in 61818 was $108,595 in November 2024, down 21.3% from last year, and the median price per square foot was $62.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $98K$62.2K
-36.5%
3 $115K$120K
+4.3%
4 $171K$113.3K
-33.7%
5+ -$62K
N/A

Summary: 61818 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 36.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 33.7%, and 5+ bedroom homes did not change.

Housing Supply in 61818, IL

How many homes are available in 61818, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
770.0%

Summary: The 61818 real estate market had 7 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 33
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The 61818 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61818, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 61818 in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 61818, IL

How long does it take to sell a home in 61818, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
3 Days1 Day-71.4%

Summary: Homes in 61818 had an average of 1 days on market in Nov 2024, down by 71.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 61818 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 61818; 100% of homes were sold within 30 days, 0% 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 4 Days Ago

Newest Listings in 61818, IL

Nearby Markets to 61818, IL