Is 60074, 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, 60074 has remained a Seller's Market.
Housing Prices in 60074, IL
How much do homes in 60074, IL cost?
Median Sold Price
$241,430
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60074 was $241,430 in March 2024, up 2.7% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121.2K | $142K | +17.1% |
2 Bedrooms | $176K | $199.9K | +13.6% |
3 Bedrooms | $299.9K | $322.5K | +7.6% |
4 Bedrooms | $417.5K | $432.5K | +3.6% |
5+ Bedrooms | $490.5K | $489.9K | -0.1% |
Summary: 60074 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in 60074, IL
How many homes are available in 60074, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 93 | +32.9% |
Summary: The 60074 real estate market had 93 homes for sale in March 2024, a 32.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 12 | +100.0% |
2 Bedrooms | 29 | 35 | +20.7% |
3 Bedrooms | 15 | 23 | +53.3% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 60074 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 53.3%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 32 | +113.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 60074 in March 2024, up by 113.3% month-over-month. Of the 32 sold homes, 19% were sold under asking, 19% were sold at asking, and 63% were sold over asking.
Days on Market for 60074, IL
How long does it take to sell a home in 60074, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 19 Days | +16.2% |
Summary: Homes in 60074 had an average of 19 days on market in Mar 2024, up by 16.2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in 60074; 91% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.