Is 61859, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61859 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 61859 has remained a Seller's Market.

Key Takeaway

61859 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61859, IL

How much do homes in 61859, IL cost?

Median Sold Price

$180,000

$134/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$25,000(+16.1%)

Key Takeaway

Homes in 61859 have sold for 16.1% more than they did a month ago.

Summary: The median home sold price in 61859 was $180,000 in November 2024, up 16.1% from last month, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $155K$180K
+16.1%
4 --
N/A
5+ --
N/A

Summary: 61859 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 increased by 16.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61844
+157.2%
61859
+16.1%

Housing Supply in 61859, IL

How many homes are available in 61859, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
21-50.0%

Summary: The 61859 real estate market had 1 homes for sale in November 2024, a 50.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 61859 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 decreased by 50%, 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

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61859, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 61859 in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 61859, IL

How long does it take to sell a home in 61859, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
67 Days15 Days-77.6%

Summary: Homes in 61859 had an average of 15 days on market in Nov 2024, down by 77.6% compared to last month.

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 61859 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 61859; 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 61859, IL

Nearby Markets to 61859, IL