Is 61834, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61834 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 61834 was a Buyer's Market.

Key Takeaway

61834 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61834, IL

How much do homes in 61834, IL cost?

Median Sold Price

$195,000

$175/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$35,750(+22.4%)

Key Takeaway

Homes in 61834 have sold for 22.4% more than they did a month ago.

Summary: The median home sold price in 61834 was $195,000 in November 2024, up 22.4% from last month, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $197.5K-
N/A
2 $121K-
N/A
3 -$195K
N/A
4 -$288.5K
N/A
5+ --
N/A

Summary: 61834 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61834
+22.4%
61883
-31.5%

Housing Supply in 61834, IL

How many homes are available in 61834, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
15150.0%

Summary: The 61834 real estate market had 15 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 44
0.0%
3 78
+14.3%
4 33
0.0%
5+ 00
0.0%

Summary: The 61834 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 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 61834, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 61834 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 61834, IL

How long does it take to sell a home in 61834, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
5 Days27 Days+440.0%

Summary: Homes in 61834 had an average of 27 days on market in Nov 2024, up by 440% compared to last month.

Breakdown of Home Sale Times

3 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 61834 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 61834; 75% of homes were sold within 30 days, 25% 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 61834, IL

Nearby Markets to 61834, IL