Is 60401, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 60401 was a Seller's Market.
Housing Prices in 60401, IL
How much do homes in 60401, IL cost?
Median Sold Price
$283,437
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60401 was $283,437 in March 2024, up 3.1% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128.8K | $630K | +389.1% |
2 Bedrooms | $210K | $240K | +14.3% |
3 Bedrooms | $276K | $285K | +3.3% |
4 Bedrooms | $329.9K | $294.2K | -10.8% |
5+ Bedrooms | $246K | $452.5K | +83.9% |
Summary: 60401 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 389.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 83.9%.
Housing Supply in 60401, IL
How many homes are available in 60401, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 30 | +20.0% |
Summary: The 60401 real estate market had 30 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 60401 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 100%, 3 bedroom homes increased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 60401 in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 60401, IL
How long does it take to sell a home in 60401, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 36 Days | -41.0% |
Summary: Homes in 60401 had an average of 36 days on market in Mar 2024, down by 41% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 60401; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.