Is 60423, 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, 60423 has remained a Seller's Market.
Housing Prices in 60423, IL
How much do homes in 60423, IL cost?
Median Sold Price
$451,316
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60423 was $451,316 in March 2024, up 3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $197.5K | +3.9% |
2 Bedrooms | $245K | $299.9K | +22.4% |
3 Bedrooms | $344K | $355K | +3.2% |
4 Bedrooms | $590K | $564.9K | -4.2% |
5+ Bedrooms | $576K | $596K | +3.5% |
Summary: 60423 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 22.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in 60423, IL
How many homes are available in 60423, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
95 | 119 | +25.3% |
Summary: The 60423 real estate market had 119 homes for sale in March 2024, a 25.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 19 | 19 | 0.0% |
3 Bedrooms | 19 | 31 | +63.2% |
4 Bedrooms | 37 | 47 | +27.0% |
5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The 60423 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 63.2%, 4 bedroom homes increased by 27%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 31 | +24.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 60423 in March 2024, up by 24.0% month-over-month. Of the 31 sold homes, 52% were sold under asking, 19% were sold at asking, and 29% were sold over asking.
Days on Market for 60423, IL
How long does it take to sell a home in 60423, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 31 Days | -3.4% |
Summary: Homes in 60423 had an average of 31 days on market in Mar 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 60423; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.