Is 60051, 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, 60051 has remained a Seller's Market.
Housing Prices in 60051, IL
How much do homes in 60051, IL cost?
Median Sold Price
$295,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60051 was $295,000 in April 2024, up 17.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106.2K | $236.8K | +122.9% |
2 Bedrooms | $200K | $224K | +12.0% |
3 Bedrooms | $259K | $285K | +10.0% |
4 Bedrooms | $355K | $395K | +11.3% |
5+ Bedrooms | $530K | $526K | -0.8% |
Summary: 60051 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 122.9%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in 60051, IL
How many homes are available in 60051, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
97 | 99 | +2.1% |
Summary: The 60051 real estate market had 99 homes for sale in April 2024, a 2.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 23 | 28 | +21.7% |
3 Bedrooms | 49 | 46 | -6.1% |
4 Bedrooms | 21 | 20 | -4.8% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 60051 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 increased by 21.7%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 36 | +24.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 60051 in April 2024, up by 24.1% month-over-month. Of the 36 sold homes, 39% were sold under asking, 14% were sold at asking, and 47% were sold over asking.
Days on Market for 60051, IL
How long does it take to sell a home in 60051, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 35 Days | +68.9% |
Summary: Homes in 60051 had an average of 35 days on market in Apr 2024, up by 68.9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in 60051; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.