Is 61914, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 61914 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 61914 has remained a Seller's Market.

Key Takeaway

61914 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 61914, IL

How much do homes in 61914, IL cost?

Median Sold Price

$107,000

$85/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$12,500(+13.2%)

Key Takeaway

Homes in 61914 have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in 61914 was $107,000 in December 2024, up 13.2% from last year, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $69K$96.7K
+40.1%
3 $93K$117K
+25.8%
4 $137.9K$90K
-34.7%
5+ --
N/A

Summary: 61914 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.1%, 3 bedroom homes increased by 25.8%, 4 bedroom homes decreased by 34.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

61914
+13.2%
61951
+6.5%

Housing Supply in 61914, IL

How many homes are available in 61914, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
89+12.5%

Summary: The 61914 real estate market had 9 homes for sale in December 2024, a 12.5% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 66
0.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The 61914 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 61914, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 61914 in December 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 61914, IL

How long does it take to sell a home in 61914, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
25 Days6 Days-76.5%

Summary: Homes in 61914 had an average of 6 days on market in Dec 2024, down by 76.5% compared to last year.

Breakdown of Home Sale Times

3 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 61914 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in 61914; 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 2 Days Ago

Newest Listings in 61914, IL

Nearby Markets to 61914, IL