Is 60638, 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, 60638 has remained a Seller's Market.
Housing Prices in 60638, IL
How much do homes in 60638, IL cost?
Median Sold Price
$307,429
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 60638 was $307,429 in May 2024, up 4.2% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $119.9K | +9.0% |
2 Bedrooms | $200.7K | $222K | +10.6% |
3 Bedrooms | $300K | $312.5K | +4.2% |
4 Bedrooms | $349.9K | $352.5K | +0.7% |
5+ Bedrooms | $425K | $450K | +5.9% |
Summary: 60638 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in 60638, IL
How many homes are available in 60638, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
132 | 145 | +9.8% |
Summary: The 60638 real estate market had 145 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 22 | 27 | +22.7% |
3 Bedrooms | 74 | 73 | -1.4% |
4 Bedrooms | 18 | 28 | +55.6% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 60638 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 22.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 33 | -21.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 60638 in May 2024, down by 21.4% month-over-month. Of the 33 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for 60638, IL
How long does it take to sell a home in 60638, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 15 Days | -51.5% |
Summary: Homes in 60638 had an average of 15 days on market in May 2024, down by 51.5% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in 60638; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.