Is 60629, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 60629 has remained a Seller's Market.
Housing Prices in 60629, IL
How much do homes in 60629, IL cost?
Median Sold Price
$269,856
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 60629 was $269,856 in May 2024, up 3.8% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172.4K | - | N/A |
2 Bedrooms | $215K | $240K | +11.6% |
3 Bedrooms | $250K | $255K | +2.0% |
4 Bedrooms | $275K | $273K | -0.7% |
5+ Bedrooms | $305K | $328.6K | +7.8% |
Summary: 60629 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in 60629, IL
How many homes are available in 60629, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
139 | 176 | +26.6% |
Summary: The 60629 real estate market had 176 homes for sale in May 2024, a 26.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 17 | 24 | +41.2% |
3 Bedrooms | 42 | 49 | +16.7% |
4 Bedrooms | 38 | 52 | +36.8% |
5+ Bedrooms | 42 | 50 | +19.0% |
Summary: The 60629 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 41.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 39 | +56.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 60629 in May 2024, up by 56.0% month-over-month. Of the 39 sold homes, 41% were sold under asking, 13% were sold at asking, and 46% were sold over asking.
Days on Market for 60629, IL
How long does it take to sell a home in 60629, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 38 Days | -17.4% |
Summary: Homes in 60629 had an average of 38 days on market in May 2024, down by 17.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 39 homes were sold in 60629; 59% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.