Is 60077, 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, 60077 has remained a Seller's Market.
Housing Prices in 60077, IL
How much do homes in 60077, IL cost?
Median Sold Price
$344,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60077 was $344,000 in March 2024, up 9.2% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $171K | $146.4K | -14.4% |
2 Bedrooms | $265K | $280.5K | +5.8% |
3 Bedrooms | $362.8K | $390K | +7.5% |
4 Bedrooms | $583.7K | $545K | -6.6% |
5+ Bedrooms | $580K | $650K | +12.1% |
Summary: 60077 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.4%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 12.1%.
Housing Supply in 60077, IL
How many homes are available in 60077, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 71 | +24.6% |
Summary: The 60077 real estate market had 71 homes for sale in March 2024, a 24.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 7 | +133.3% |
2 Bedrooms | 24 | 28 | +16.7% |
3 Bedrooms | 22 | 23 | +4.5% |
4 Bedrooms | 5 | 9 | +80.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 60077 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 60077 in March 2024, up by 21.4% month-over-month. Of the 17 sold homes, 53% were sold under asking, 12% were sold at asking, and 35% were sold over asking.
Days on Market for 60077, IL
How long does it take to sell a home in 60077, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 25 Days | -15.4% |
Summary: Homes in 60077 had an average of 25 days on market in Mar 2024, down by 15.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 60077; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.