Is 60041, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60041 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60041 has remained a Seller's Market.

Key Takeaway

60041 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$27,100(+10.7%)

Key Takeaway

Homes in 60041 have sold for 10.7% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $165K$85K
-48.5%
2 $183.5K$208.8K
+13.8%
3 $252K$280K
+11.1%
4 $395K$358.7K
-9.2%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

60051
+17.5%
60073
+11.4%
60041
+10.7%
60046
+9.2%
60020
+7.3%

Housing Supply in 60041, IL

How many homes are available in 60041, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2528+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

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 810
+25.0%
3 46
+50.0%
4 107
-30.0%
5+ 34
+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 2024Apr 2024CHANGE
611+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60041, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
23 Days27 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60041 are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in 60041, IL

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