Is 60056, 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, 60056 has remained a Seller's Market.
Housing Prices in 60056, IL
How much do homes in 60056, IL cost?
Median Sold Price
$380,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60056 was $380,000 in March 2024, up 10.6% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123K | $155K | +26.0% |
2 Bedrooms | $205K | $260K | +26.8% |
3 Bedrooms | $369.1K | $384.9K | +4.3% |
4 Bedrooms | $476.3K | $495K | +3.9% |
5+ Bedrooms | $545K | $570K | +4.6% |
Summary: 60056 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 26.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in 60056, IL
How many homes are available in 60056, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
115 | 129 | +12.2% |
Summary: The 60056 real estate market had 129 homes for sale in March 2024, a 12.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 9 | -30.8% |
2 Bedrooms | 21 | 28 | +33.3% |
3 Bedrooms | 55 | 59 | +7.3% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 60056 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 37 | +5.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 60056 in March 2024, up by 5.7% month-over-month. Of the 36 sold homes, 42% were sold under asking, 11% were sold at asking, and 47% were sold over asking.
Days on Market for 60056, IL
How long does it take to sell a home in 60056, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 28 Days | -32.9% |
Summary: Homes in 60056 had an average of 28 days on market in Mar 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in 60056; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.