$6,531 Closing Credit¹
Adam Merrick, Listing Office: Adam Merrick Real Estate
61548 Housing Market Report December 2024•Woodford County, Illinois
Housing Prices in 61548, IL
How much do homes in 61548, IL cost?
Housing Market Conditions
Is 61548, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
61548 is a Seller's Market
Difference Since December 2023
Since last year, 61548 has remained a Seller's Market.
Insight
61548 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$270,500$121/SqFt
-$9,500
-3.4%
Based on all homes sold in the last 12 months
Insight
Homes in 61548 have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in 61548 was $270,500 in December 2024, down 3.4% from last year, and the median price per square foot was $121.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $137.5K | $160K | +16.4% |
| 33 Bedrooms | $218.5K | $235K | +7.6% |
| 44 Bedrooms | $315K | $287.5K | -8.7% |
| 55+ Bedrooms | $490K | $365K | -25.5% |
Summary: 61548 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +16.4%. The home price for 3 bedroom homes increased by +7.6%. The home price for 4 bedroom homes decreased by -8.7%. The home price for 5 bedroom homes decreased by -25.5%.
Housing supply in 61548, IL
How many homes are available in 61548, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 23Last MonthDec 2024 | ||
| 332 months agoNov 2024 | -30.3 % Change MoMNov – Dec |
Summary: The 61548 real estate market had 23 homes for sale in Dec 2024, a 30.3 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 9Last MonthDec 2024 | ||
| 112 months agoNov 2024 | -18.2 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 1 | 1 | 0.0% |
| 33 Bedrooms | 16 | 10 | -37.5% |
| 44 Bedrooms | 10 | 7 | -30.0% |
| 55+ Bedrooms | 6 | 5 | -16.7% |
Summary: 61548 housing inventory by bedroom type for December 2024, 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 decreased by -37.5%. The inventory for 4 bedroom homes decreased by -30.0%. The inventory for 5 bedroom homes decreased by -16.7%.
Asking Price vs. Sold Price
How much do homes in 61548, IL cost?
Over Asking Price3 Homes
At Asking Price2 Homes
Under Asking Price4 Homes
Insight
If you're buying a home in 61548, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 61548 in December 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and and 33% were sold over asking.
Days on Market for 61548, IL
How long does it take to sell a home in 61548, IL?
Breakdown of Home Sale Times
Under 30 Days8 Homes
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Many homes in 61548 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 9 homes were sold in 61548; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 15 DaysThis YearDec 2024 | ||
| 16 Days1 year agoDec 2023 | -8.1 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in 61548 had an average listing age of 15 days in Dec 2024, down by 8.1% compared to the previous year.
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Newest Listings in 61548, IL
What homes are available in 61548, IL?
Brad Belser, Listing Office: Jim Maloof Realty, Inc.
$8,074 Closing Credit¹
Amanda Allsup, Listing Office: Re/Max Traders Unlimited
Backup offers
$3,443 Closing Credit¹
Michelle Largent, Listing Office: Re/Max Traders Unlimited
$2,196 Closing Credit¹
Marc Wells, Listing Office: RE/MAX WRC Downtown
Lisa Crocker, Listing Office: Keller Williams Premier Realty
$2,908 Closing Credit¹
Jarrod Doty, Listing Office: Sunflower Real Estate Group, L
Liz Danner, Listing Office: RE/MAX WRC Downtown
Jennifer Fielder, Listing Office: Freedom Realty
$5,344 Closing Credit¹
Tracy Molendi, Listing Office: Re/Max Traders Unlimited
Julie Bowald, Listing Office: Jim Maloof Realty, Inc.
Barb Primm, Listing Office: Re/Max Traders Unlimited
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 01/01/2023 - 01/01/2025
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.
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: 1/21/2025, 7:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.