Is 60302, 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, 60302 has remained a Seller's Market.
Housing Prices in 60302, IL
How much do homes in 60302, IL cost?
Median Sold Price
$347,785
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60302 was $347,785 in March 2024, down 8.5% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $144K | +6.7% |
2 Bedrooms | $222K | $219K | -1.4% |
3 Bedrooms | $480K | $489.9K | +2.1% |
4 Bedrooms | $680K | $597.5K | -12.1% |
5+ Bedrooms | $774.5K | $700K | -9.6% |
Summary: 60302 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in 60302, IL
How many homes are available in 60302, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
127 | 144 | +13.4% |
Summary: The 60302 real estate market had 144 homes for sale in March 2024, a 13.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 27 | 0.0% |
2 Bedrooms | 28 | 28 | 0.0% |
3 Bedrooms | 41 | 47 | +14.6% |
4 Bedrooms | 15 | 20 | +33.3% |
5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The 60302 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 remained the same, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 35 | +40.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 60302 in March 2024, up by 40.0% month-over-month. Of the 35 sold homes, 57% were sold under asking, 9% were sold at asking, and 34% were sold over asking.
Days on Market for 60302, IL
How long does it take to sell a home in 60302, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 64 Days | +32.4% |
Summary: Homes in 60302 had an average of 64 days on market in Mar 2024, up by 32.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 35 homes were sold in 60302; 63% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.