Is 60050, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 60050 has remained a Seller's Market.
Housing Prices in 60050, IL
How much do homes in 60050, IL cost?
Median Sold Price
$262,400
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 60050 was $262,400 in February 2024, up 5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90.2K | $113.7K | +26.0% |
2 Bedrooms | $195.5K | $206.7K | +5.8% |
3 Bedrooms | $264.8K | $272K | +2.7% |
4 Bedrooms | $340K | $370K | +8.8% |
5+ Bedrooms | $327.5K | $339K | +3.5% |
Summary: 60050 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in 60050, IL
How many homes are available in 60050, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
79 | 108 | +36.7% |
Summary: The 60050 real estate market had 108 homes for sale in February 2024, a 36.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 28 | 38 | +35.7% |
3 Bedrooms | 30 | 47 | +56.7% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 60050 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 56.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 33 | +135.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 60050 in February 2024, up by 135.7% month-over-month. Of the 33 sold homes, 42% were sold under asking, 27% were sold at asking, and 30% were sold over asking.
Days on Market for 60050, IL
How long does it take to sell a home in 60050, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
49 Days | 27 Days | -43.6% |
Summary: Homes in 60050 had an average of 27 days on market in Feb 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 33 homes were sold in 60050; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.