Is 60406, 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, 60406 has remained a Seller's Market.
Housing Prices in 60406, IL
How much do homes in 60406, IL cost?
Median Sold Price
$192,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60406 was $192,000 in March 2024, down 4% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $51K | +2.0% |
2 Bedrooms | $150K | $137K | -8.7% |
3 Bedrooms | $195K | $201K | +3.1% |
4 Bedrooms | $227.5K | $209K | -8.1% |
5+ Bedrooms | $262.8K | $240K | -8.7% |
Summary: 60406 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 8.7%.
Housing Supply in 60406, IL
How many homes are available in 60406, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 37 | 0.0% |
Summary: The 60406 real estate market had 37 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 60406 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 11.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 8 | -38.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 60406 in March 2024, down by 38.5% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for 60406, IL
How long does it take to sell a home in 60406, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 38 Days | +106.9% |
Summary: Homes in 60406 had an average of 38 days on market in Mar 2024, up by 106.9% compared to last year.
Breakdown of Home Sale Times
5 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, 8 homes were sold in 60406; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.