Is 60047, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 60047 has remained a Seller's Market.
Housing Prices in 60047, IL
How much do homes in 60047, IL cost?
Median Sold Price
$579,960
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60047 was $579,960 in March 2024, up 3.1% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | - | N/A |
2 Bedrooms | $262K | $270K | +3.1% |
3 Bedrooms | $370.5K | $407.5K | +10.0% |
4 Bedrooms | $625.3K | $645K | +3.1% |
5+ Bedrooms | $775K | $799.5K | +3.2% |
Summary: 60047 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 60047, IL
How many homes are available in 60047, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
130 | 156 | +20.0% |
Summary: The 60047 real estate market had 156 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 33 | 38 | +15.2% |
4 Bedrooms | 56 | 70 | +25.0% |
5+ Bedrooms | 27 | 33 | +22.2% |
Summary: The 60047 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 40 | +48.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 60047 in March 2024, up by 48.1% month-over-month. Of the 40 sold homes, 35% were sold under asking, 18% were sold at asking, and 48% were sold over asking.
Days on Market for 60047, IL
How long does it take to sell a home in 60047, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 29 Days | -11.1% |
Summary: Homes in 60047 had an average of 29 days on market in Mar 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in 60047; 83% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.