Is 60089, 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, 60089 has remained a Seller's Market.
Housing Prices in 60089, IL
How much do homes in 60089, IL cost?
Median Sold Price
$366,733
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60089 was $366,733 in March 2024, up 1.9% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | $141K | +15.1% |
2 Bedrooms | $234K | $240K | +2.6% |
3 Bedrooms | $376.3K | $380K | +1.0% |
4 Bedrooms | $505K | $530K | +5.0% |
5+ Bedrooms | $650.3K | $671K | +3.2% |
Summary: 60089 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 60089, IL
How many homes are available in 60089, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
114 | 141 | +23.7% |
Summary: The 60089 real estate market had 141 homes for sale in March 2024, a 23.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 39 | 45 | +15.4% |
3 Bedrooms | 32 | 49 | +53.1% |
4 Bedrooms | 31 | 34 | +9.7% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 60089 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 53.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 43 | +95.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in 60089 in March 2024, up by 95.5% month-over-month. Of the 43 sold homes, 37% were sold under asking, 12% were sold at asking, and 51% were sold over asking.
Days on Market for 60089, IL
How long does it take to sell a home in 60089, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 24 Days | -12.6% |
Summary: Homes in 60089 had an average of 24 days on market in Mar 2024, down by 12.6% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in 60089; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.