$1,602 Closing Credit¹
#PA1255071, Robin Briney, Listing Office: Key, REALTORS
61420 Housing Market Report January 2025•McDonough County, Illinois
Housing Prices in 61420, IL
How much do homes in 61420, IL cost?
Median List Price
$111,950$50/SqFt
+$43,950
+64.6%
Based on all homes listed in the last 12 months
Insight
The list price of homes in 61420 has increased by 64.6% since last year.
Summary: The median home list price in 61420 was $111,950 in January 2025, up 64.6% from the previous year, and the median price per square foot was $50.
Median List Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 62326 | $71.5K | $126.2K | +76.6% |
| 61420 | $68K | $111.9K | +64.6% |
| 61450 | $64.9K | $72.4K | +11.6% |
Median List Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $16.5K | N/A |
| 22 Bedrooms | $17.5K | $34.9K | +99.4% |
| 33 Bedrooms | $157.5K | $139.9K | -11.2% |
| 44 Bedrooms | $146.9K | $134.9K | -8.2% |
| 55+ Bedrooms | - | - | N/A |
Summary: 61420 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +99.4%. The home price for 3 bedroom homes decreased by -11.2%. The home price for 4 bedroom homes decreased by -8.2%. The home price for 5 bedroom homes did not change.
Housing supply in 61420, IL
How many homes are available in 61420, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthJan 2025 | ||
| 62 months agoDec 2024 | -50.0 % Change MoMDec – Jan |
Summary: The 61420 real estate market had 3 homes for sale in Jan 2025, a 50.0 % decrease compared to Dec 2024.
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 0 | -100.0% |
| 22 Bedrooms | 1 | 1 | 0.0% |
| 33 Bedrooms | 3 | 1 | -66.7% |
| 44 Bedrooms | 1 | 1 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: 61420 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -66.7%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Days on Market for 61420, IL
How long does it take to sell a home in 61420, IL?
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 107 DaysThis YearJan 2025 | ||
| 185 Days1 year agoJan 2024 | -42.0 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 61420 had an average listing age of 107 days in Jan 2025, down by 42.0% compared to the previous year.
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Newest Listings in 61420, IL
What homes are available in 61420, IL?
$414 Closing Credit¹
#CA1033072, LeAnne McKee, Listing Office: Western Illinois Realty LLC
$772 Closing Credit¹
#CA1030613, Amanda Smith, Listing Office: Western Illinois Realty LLC
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 02/01/2023 - 02/01/2025
Listings courtesy of RMLS Alliance as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.