Is 60305, 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, 60305 has remained a Seller's Market.
Housing Prices in 60305, IL
How much do homes in 60305, IL cost?
Median Sold Price
$495,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60305 was $495,000 in March 2024, down 4.8% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $92K | $142K | +54.3% |
2 Bedrooms | $225K | $246K | +9.3% |
3 Bedrooms | $597.5K | $499.9K | -16.3% |
4 Bedrooms | $910K | $901.5K | -0.9% |
5+ Bedrooms | $1.2M | $1.2M | +6.5% |
Summary: 60305 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.3%, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 60305, IL
How many homes are available in 60305, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 40 | +11.1% |
Summary: The 60305 real estate market had 40 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 11 | 15 | +36.4% |
3 Bedrooms | 14 | 12 | -14.3% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 60305 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 60305 in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 60305, IL
How long does it take to sell a home in 60305, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 56 Days | +135.0% |
Summary: Homes in 60305 had an average of 56 days on market in Mar 2024, up by 135% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 60305; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.