Is 60172, 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, 60172 has remained a Seller's Market.
Housing Prices in 60172, IL
How much do homes in 60172, IL cost?
Median Sold Price
$310,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60172 was $310,000 in March 2024, up 6.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.3K | $210K | +40.6% |
2 Bedrooms | $240K | $265K | +10.4% |
3 Bedrooms | $320.5K | $325K | +1.4% |
4 Bedrooms | $400K | $440K | +10.0% |
5+ Bedrooms | $486.5K | $536K | +10.2% |
Summary: 60172 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.6%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 10.2%.
Housing Supply in 60172, IL
How many homes are available in 60172, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 56 | +1.8% |
Summary: The 60172 real estate market had 56 homes for sale in March 2024, a 1.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 23 | 19 | -17.4% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 60172 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 decreased by 17.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 60172 in March 2024, up by 23.5% month-over-month. Of the 21 sold homes, 19% were sold under asking, 0% were sold at asking, and 81% were sold over asking.
Days on Market for 60172, IL
How long does it take to sell a home in 60172, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 20 Days | -20.9% |
Summary: Homes in 60172 had an average of 20 days on market in Mar 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 60172; 86% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.