Is 60041, 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, 60041 has remained a Seller's Market.
Housing Prices in 60041, IL
How much do homes in 60041, IL cost?
Median Sold Price
$280,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60041 was $280,000 in April 2024, up 10.7% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $85K | -48.5% |
2 Bedrooms | $183.5K | $208.8K | +13.8% |
3 Bedrooms | $252K | $280K | +11.1% |
4 Bedrooms | $395K | $358.7K | -9.2% |
5+ Bedrooms | $347.9K | $521.7K | +50.0% |
Summary: 60041 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.5%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 50%.
Housing Supply in 60041, IL
How many homes are available in 60041, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 28 | +12.0% |
Summary: The 60041 real estate market had 28 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 10 | 7 | -30.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 60041 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 60041 in April 2024, up by 83.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for 60041, IL
How long does it take to sell a home in 60041, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 27 Days | +14.9% |
Summary: Homes in 60041 had an average of 27 days on market in Apr 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in 60041; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.