Is 60107, 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, 60107 has remained a Seller's Market.
Housing Prices in 60107, IL
How much do homes in 60107, IL cost?
Median Sold Price
$291,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60107 was $291,000 in March 2024, up 11.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148.9K | $165K | +10.8% |
2 Bedrooms | $212.5K | $240.7K | +13.3% |
3 Bedrooms | $275K | $299.8K | +9.0% |
4 Bedrooms | $331K | $339.7K | +2.6% |
5+ Bedrooms | $377.5K | $365K | -3.3% |
Summary: 60107 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 3.3%.
Housing Supply in 60107, IL
How many homes are available in 60107, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 102 | 0.0% |
Summary: The 60107 real estate market had 102 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 24 | 30 | +25.0% |
3 Bedrooms | 49 | 49 | 0.0% |
4 Bedrooms | 20 | 16 | -20.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 60107 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 38 | -5.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 60107 in March 2024, down by 5.0% month-over-month. Of the 38 sold homes, 21% were sold under asking, 26% were sold at asking, and 53% were sold over asking.
Days on Market for 60107, IL
How long does it take to sell a home in 60107, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 18 Days | -32.9% |
Summary: Homes in 60107 had an average of 18 days on market in Mar 2024, down by 32.9% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in 60107; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.