Is 60005, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 60005 has remained a Seller's Market.
Housing Prices in 60005, IL
How much do homes in 60005, IL cost?
Median Sold Price
$398,333
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60005 was $398,333 in April 2024, up 14.7% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142K | $172K | +21.1% |
2 Bedrooms | $200K | $230K | +15.0% |
3 Bedrooms | $379.7K | $437K | +15.1% |
4 Bedrooms | $535K | $625K | +16.8% |
5+ Bedrooms | $775K | $561K | -27.6% |
Summary: 60005 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 27.6%.
Housing Supply in 60005, IL
How many homes are available in 60005, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 98 | -2.0% |
Summary: The 60005 real estate market had 98 homes for sale in April 2024, a 2.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 35 | 30 | -14.3% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 25 | 23 | -8.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 60005 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 42 | +31.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in 60005 in April 2024, up by 31.3% month-over-month. Of the 42 sold homes, 33% were sold under asking, 24% were sold at asking, and 43% were sold over asking.
Days on Market for 60005, IL
How long does it take to sell a home in 60005, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 14 Days | +0.7% |
Summary: Homes in 60005 had an average of 14 days on market in Apr 2024, up by 0.7% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in 60005; 88% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.