Is 60411, 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, 60411 has remained a Seller's Market.
Housing Prices in 60411, IL
How much do homes in 60411, IL cost?
Median Sold Price
$177,864
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60411 was $177,864 in March 2024, up 4.7% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $48.5K | N/A |
2 Bedrooms | $126K | $134K | +6.3% |
3 Bedrooms | $160.4K | $170K | +6.0% |
4 Bedrooms | $215.3K | $214.9K | -0.2% |
5+ Bedrooms | $200K | $245K | +22.5% |
Summary: 60411 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 22.5%.
Housing Supply in 60411, IL
How many homes are available in 60411, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
220 | 219 | -0.5% |
Summary: The 60411 real estate market had 219 homes for sale in March 2024, a 0.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 132 | 134 | +1.5% |
4 Bedrooms | 42 | 44 | +4.8% |
5+ Bedrooms | 32 | 29 | -9.4% |
Summary: The 60411 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 decreased by 15.4%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 9.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 41 | -16.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 60411 in March 2024, down by 16.3% month-over-month. Of the 41 sold homes, 37% were sold under asking, 29% were sold at asking, and 34% were sold over asking.
Days on Market for 60411, IL
How long does it take to sell a home in 60411, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 60 Days | -14.8% |
Summary: Homes in 60411 had an average of 60 days on market in Mar 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in 60411; 54% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.