Is 60175, 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, 60175 has remained a Seller's Market.
Housing Prices in 60175, IL
How much do homes in 60175, IL cost?
Median Sold Price
$585,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60175 was $585,000 in March 2024, up 7.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $295.2K | $304K | +3.0% |
3 Bedrooms | $425K | $440K | +3.5% |
4 Bedrooms | $560K | $580.4K | +3.7% |
5+ Bedrooms | $667.5K | $649K | -2.8% |
Summary: 60175 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in 60175, IL
How many homes are available in 60175, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
109 | 133 | +22.0% |
Summary: The 60175 real estate market had 133 homes for sale in March 2024, a 22.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 6 | 12 | +100.0% |
4 Bedrooms | 64 | 68 | +6.3% |
5+ Bedrooms | 37 | 49 | +32.4% |
Summary: The 60175 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 200%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 32.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 26 | +36.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 60175 in March 2024, up by 36.8% month-over-month. Of the 26 sold homes, 42% were sold under asking, 15% were sold at asking, and 42% were sold over asking.
Days on Market for 60175, IL
How long does it take to sell a home in 60175, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 27 Days | -60.5% |
Summary: Homes in 60175 had an average of 27 days on market in Mar 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in 60175; 65% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.