61016 Zip Code Real Estate Market Extends Expansion in Price Cuts

The number of price cuts in the 61016 zip code market climbed to six over the last 30 days, furthering a new positive trend. Even with the drops in list prices, sales remained the same with two homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price remained unchanged over the latest reporting period for the 61016 zip code, coming in at $126,250.

With sizeable price reductions to these listings in the 61016 zip code, now is a prime opportunity to see them:

$229K   $175K   $218K  

Get started right now by checking out 61016 homes for sale or reviewing 61016 real estate trends.

Demographic facts about the 61016 zip code:

  • The population density is 192.9 people per square mile in this area.
  • The area's lifestyle rating is 46. (Scale: 1 = Worst, 100 = Best)
  • 88.0% of the residents travel to work in an automobile, 8.4% via carpool, and 0.0% by way of public transit.

Data reported through 10/12/2016

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