Is 60087, 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, 60087 has remained a Seller's Market.
Housing Prices in 60087, IL
How much do homes in 60087, IL cost?
Median Sold Price
$225,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60087 was $225,000 in March 2024, up 4.7% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.9K | $57K | -36.6% |
2 Bedrooms | $176.4K | $183.5K | +4.0% |
3 Bedrooms | $215K | $240.5K | +11.9% |
4 Bedrooms | $265K | $273K | +3.0% |
5+ Bedrooms | $265K | $260K | -1.9% |
Summary: 60087 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.6%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 1.9%.
Housing Supply in 60087, IL
How many homes are available in 60087, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 53 | +39.5% |
Summary: The 60087 real estate market had 53 homes for sale in March 2024, a 39.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 8 | 15 | +87.5% |
3 Bedrooms | 21 | 26 | +23.8% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 60087 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 87.5%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 60087 in March 2024, up by 40.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for 60087, IL
How long does it take to sell a home in 60087, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 41 Days | +3.5% |
Summary: Homes in 60087 had an average of 41 days on market in Mar 2024, up by 3.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 60087; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.