Is 60187, 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, 60187 has remained a Seller's Market.
Housing Prices in 60187, IL
How much do homes in 60187, IL cost?
Median Sold Price
$435,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60187 was $435,000 in March 2024, up 6.7% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176K | $252.4K | +43.4% |
2 Bedrooms | $295K | $340K | +15.3% |
3 Bedrooms | $352.7K | $408.5K | +15.8% |
4 Bedrooms | $587.5K | $636K | +8.3% |
5+ Bedrooms | $635K | $651K | +2.5% |
Summary: 60187 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.4%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 2.5%.
Housing Supply in 60187, IL
How many homes are available in 60187, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 55 | -8.3% |
Summary: The 60187 real estate market had 55 homes for sale in March 2024, a 8.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 24 | 26 | +8.3% |
4 Bedrooms | 22 | 19 | -13.6% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 60187 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 decreased by 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 19 | +11.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 60187 in March 2024, up by 11.8% month-over-month. Of the 19 sold homes, 11% were sold under asking, 21% were sold at asking, and 68% were sold over asking.
Days on Market for 60187, IL
How long does it take to sell a home in 60187, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 34 Days | -3.9% |
Summary: Homes in 60187 had an average of 34 days on market in Mar 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 60187; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.