Backup offers
$1,003 Closing Credit¹
#PA1254161, Susan King, Listing Office: Jim Maloof Realty, Inc.
61489 Housing Market Report March 2025•Knox County, Illinois
Housing Prices in 61489, IL
How much do homes in 61489, IL cost?
Median List Price
$99,000$84/SqFt
-$40,950
-29.3%
Based on all homes listed in the last 12 months
Insight
The list price of homes in 61489 has decreased by 29.3% since last year.
Summary: The median home list price in 61489 was $99,000 in March 2025, down 29.3% from the previous year, and the median price per square foot was $84.
Median List Price By Zip Codes
| City | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 61428 | $385K | $342.5K | -11.0% |
| 61572 | $120K | $102.4K | -14.6% |
| 61489 | $139.9K | $99K | -29.3% |
Median List Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $127.4K | $103.7K | -18.6% |
| 33 Bedrooms | $170K | $119.9K | -29.5% |
| 44 Bedrooms | $110K | $91.9K | -16.4% |
| 55+ Bedrooms | - | - | N/A |
Summary: 61489 housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -18.6%. The home price for 3 bedroom homes decreased by -29.5%. The home price for 4 bedroom homes decreased by -16.4%. The home price for 5 bedroom homes did not change.
How does 61489, IL compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
61489, IL
Housing supply in 61489, IL
How many homes are available in 61489, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthMar 2025 | ||
| 22 months agoFeb 2025 | 0.0 % Change MoMFeb – Mar |
Summary: The 61489 real estate market had 2 homes for sale in Mar 2025, the same as Feb 2025
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 2 | 2 | 0.0% |
| 44 Bedrooms | 0 | 0 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: 61489 housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 61489, IL cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price0 Home
Insight
If you're buying a home in 61489, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 61489 in March 2025, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.
Days on Market for 61489, IL
How long does it take to sell a home in 61489, IL?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in 61489 are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 1 homes were sold in 61489; 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.
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 98 DaysThis YearMar 2025 | ||
| 63 Days1 year agoMar 2024 | +55.6 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in 61489 had an average listing age of 98 days in Mar 2025, up by 55.6% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in 61489, IL
What homes are available in 61489, IL?
Nearby markets
Popular Cities with Homes for Sale in Illinois
- Homes for sale in Chicago, IL
- Homes for sale in Naperville, IL
- Homes for sale in Aurora, IL
- Homes for sale in Elgin, IL
- Homes for sale in Peoria, IL
- Homes for sale in Evanston, IL
- Homes for sale in Palatine, IL
- Homes for sale in Orland Park, IL
- Homes for sale in Arlington Heights, IL
- Homes for sale in Oak Lawn, IL
- Homes for sale in Schaumburg, IL
- Homes for sale in Bloomington, IL
- Homes for sale in Elmhurst, IL
- Homes for sale in Downers Grove, IL
- Homes for sale in Glenview, IL
- Homes for sale in Champaign, IL
- Homes for sale in Plainfield, IL
- Homes for sale in Wheaton, IL
- Homes for sale in Tinley Park, IL
- Homes for sale in Park Ridge, IL
- Homes for sale in Rockford, IL
MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 04/01/2023 - 04/01/2025
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: 4/23/2025, 9:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.