$2,244 Closing Credit*
$189,000
3 Beds
•2 Full Baths
Listing Office: Dammerman & Associates Benchmark Realty
Is 61951, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 61951 has remained a Seller's Market.
Key Takeaway
61951 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61951, IL
How much do homes in 61951, IL cost?
Median Sold Price
$138,500
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$8,500(+6.5%)
Key Takeaway
Homes in 61951 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 61951 was $138,500 in December 2024, up 6.5% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86K | $140K | +62.8% |
| 2 Bedrooms | $90.5K | $100K | +10.5% |
| 3 Bedrooms | $131.2K | $152.4K | +16.2% |
| 4 Bedrooms | $189.5K | $193K | +1.8% |
| 5+ Bedrooms | $137.5K | $259K | +88.4% |
Summary: 61951 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.8%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 88.4%.
Median Sold Price Compared To Nearby Zip Codes
| 61914 | $94.5K | $107K | +13.2% |
| 61951 | $130K | $138.5K | +6.5% |
Housing Supply in 61951, IL
How many homes are available in 61951, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The 61951 real estate market had 14 homes for sale in December 2024, a 22.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61951 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 61951, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 61951 in December 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for 61951, IL
How long does it take to sell a home in 61951, IL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 24 Days | 57 Days | +132.7% |
Summary: Homes in 61951 had an average of 57 days on market in Dec 2024, up by 132.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 61951 has remained consistent over time.
Summary: During December 2024, 8 homes were sold in 61951; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
