Is 60060, 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, 60060 has remained a Seller's Market.
Housing Prices in 60060, IL
How much do homes in 60060, IL cost?
Median Sold Price
$376,959
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 60060 was $376,959 in February 2024, up 15.6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $238K | $335.9K | +41.1% |
3 Bedrooms | $290K | $358.6K | +23.7% |
4 Bedrooms | $391.5K | $480K | +22.6% |
5+ Bedrooms | $592.9K | $547.7K | -7.6% |
Summary: 60060 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.1%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes decreased by 7.6%.
Housing Supply in 60060, IL
How many homes are available in 60060, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
77 | 83 | +7.8% |
Summary: The 60060 real estate market had 83 homes for sale in February 2024, a 7.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 17 | +30.8% |
3 Bedrooms | 28 | 32 | +14.3% |
4 Bedrooms | 26 | 22 | -15.4% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The 60060 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 60060 in February 2024, down by 4.8% month-over-month. Of the 20 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for 60060, IL
How long does it take to sell a home in 60060, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
29 Days | 24 Days | -15.2% |
Summary: Homes in 60060 had an average of 24 days on market in Feb 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 20 homes were sold in 60060; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.