Is 60656, 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, 60656 has remained a Seller's Market.
Housing Prices in 60656, IL
How much do homes in 60656, IL cost?
Median Sold Price
$328,333
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 60656 was $328,333 in May 2024, down 2.1% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $136.5K | +9.2% |
2 Bedrooms | $211.5K | $210.2K | -0.6% |
3 Bedrooms | $388K | $410K | +5.7% |
4 Bedrooms | $437.5K | $438.7K | 0.3% |
5+ Bedrooms | $585.9K | $665K | +13.5% |
Summary: 60656 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 13.5%.
Housing Supply in 60656, IL
How many homes are available in 60656, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 72 | +1.4% |
Summary: The 60656 real estate market had 72 homes for sale in May 2024, a 1.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 34 | 31 | -8.8% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 60656 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 14 | -50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 60656 in May 2024, down by 50.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for 60656, IL
How long does it take to sell a home in 60656, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 24 Days | +68.1% |
Summary: Homes in 60656 had an average of 24 days on market in May 2024, up by 68.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in 60656; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.