The 61016 housing market is very competitive. The median sale price of a home in 61016 was $209K last month, down 27.9% since last year. The median sale price per square foot in 61016 is $95, down 23.0% since last year.
In March 2024, 61016 home prices were down 27.9% compared to last year, selling for a median price of $209K. On average, homes in 61016 sell after 40 days on the market compared to 19 days last year. There were 12 homes sold in March this year, up from 11 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$209,125
-27.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
61016, IL
$209,125
-27.9%
United States
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How hot is the 61016 housing market?
61016 is very competitive. Homes sell in 17 days.
0
100
79
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 17 days.
Hot homes
can sell for about 1% above list price and go pending in around 4 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 61016 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 61016.
Risk Factor
Flood Factor - Minor
16% of properties are at risk of severe flooding over the next 30 years
Flood Factor
61016 has a minor risk of flooding. 245 properties in 61016 are likely to be
severely affected
by flooding over the next 30 years. This represents 16% of all properties in 61016. Flood risk is increasing slower than the national average.
26% of properties are at risk of wildfire over the next 30 years
Fire Factor
61016 has a moderate risk of wildfire. There are 624 properties in 61016 that have some risk of being affected by wildfire over the next 30 years. This represents 26% of all properties in 61016.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
61016 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 61016 is most at risk from hurricanes. 2,398 properties in 61016 have some risk of being in a severe wind event within the next 30 years.