Is 61858, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61858 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 61858 has remained a Seller's Market.

Key Takeaway

61858 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61858, IL

How much do homes in 61858, IL cost?

Median Sold Price

$271,500

-

Based on all homes sold in December 2024.

Difference Since Last Month

+$183,100(+207.1%)

Key Takeaway

Homes in 61858 have sold for 207.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $88.4K-
N/A
3 $82.5K$271.5K
+229.1%
4 $260K-
N/A
5+ --
N/A

Summary: 61858 housing prices by bedroom type for December 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 increased by 229.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61858
+207.1%
61834
+9.6%
61817
-9.4%
61844
-36.0%

Housing Supply in 61858, IL

How many homes are available in 61858, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
117-36.4%

Summary: The 61858 real estate market had 7 homes for sale in December 2024, a 36.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 54
-20.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The 61858 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 decreased by 40%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 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 61858, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in 61858 in December 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 61858, IL

How long does it take to sell a home in 61858, IL?

Average Sale Time

Nov 2024Dec 2024CHANGE
26 Days4 Days-85.0%

Summary: Homes in 61858 had an average of 4 days on market in Dec 2024, down by 85% compared to last month.

Breakdown of Home Sale Times

2 Homes Were 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 61858 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 61858; 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 7 Days Ago

Newest Listings in 61858, IL

Nearby Markets to 61858, IL