Is 60160, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 60160 has remained a Seller's Market.
Housing Prices in 60160, IL
How much do homes in 60160, IL cost?
Median Sold Price
$302,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60160 was $302,500 in April 2024, up 4% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $193K | +1.6% |
2 Bedrooms | $257.7K | $259.9K | +0.8% |
3 Bedrooms | $295K | $305K | +3.4% |
4 Bedrooms | $315K | $357.5K | +13.5% |
5+ Bedrooms | $400K | $415K | +3.8% |
Summary: 60160 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 60160, IL
How many homes are available in 60160, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 39 | +25.8% |
Summary: The 60160 real estate market had 39 homes for sale in April 2024, a 25.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 4 | 8 | +100.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 60160 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 60160 in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 60160, IL
How long does it take to sell a home in 60160, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 35 Days | -7.7% |
Summary: Homes in 60160 had an average of 35 days on market in Apr 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in 60160; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.