61550 Home Values & Market Trends

There are 16 homes currently listed for 61550. 61550 real estate market trends show that home prices range from $149,900 to $615,000, and the median sales price in the 61550 zip code is $250,940.13. The total number of properties sold within the past twelve months is 312. In 61550, 8 properties are in foreclosure, 0 are bank owned properties,and 0 are headed for auction.

61550 Real Estate Market Overview

CityMedian Est. Value
Morton

$ 359,631

$ 125/sqft

Housing Market Summary for 61550

Apr 2023March 2024Change
Median Listing Price$279.4K$236.1K-15.51%
Median Sold Price$0$236.1K-
Homes For Sale1816-11.11%
Homes Sold0159-
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 61550

The median list price of a home in Morton, is $250,940.13. A total of 16 properties are for sale, and the percentage of properties for sale in the zip code is 16.00%. The total count of 61550 properties is 6,263.

Foreclosure
There is 1 cities within 61550; within this cities, the median estimated home value for homes in foreclosure ranges from $304,250 in morton to the lowest value of $172,026 in morton. Foreclosure homes account for 0.00% of properties in 61550 with morton containing 8 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.13% of all residential properties in 61550 with morton containing 8 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 61550; of that cities, the estimated home value for pre-foreclosure homes ranges from $304,250 in morton to the lowest home value of $172,026 in morton.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 61550 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 61550. There is 1 cities within 61550; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single city in the state of 61550. Auction homes and other auction properties account for 0% of all properties in 61550. There is 1 cities within 61550; of that cities, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.26% of residential properties in 61550 with morton containing 16 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 61550; homes for sale in that cities, have a range of median values from $498,345 in morton to the lowest value of $114,925 in morton.
    Sold Homes
    The median value for recently sold homes ranges from $1,021,482 in morton to the lowest price of $69,735 in morton. There is 1 cities within 61550. morton has 174 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.78% of properties in 61550.

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      Guide for 61550

      Market Reports
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      See More Articles
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.

      Recently Listed Homes 61550

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