Is 60423, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$451,633
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60423 was $451,633 in April 2024, up 1.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $202.7K | +6.7% |
2 Bedrooms | $270.5K | $288.7K | +6.7% |
3 Bedrooms | $345K | $355K | +2.9% |
4 Bedrooms | $595K | $565K | -5.0% |
5+ Bedrooms | $572.5K | $600K | +4.8% |
Summary: 60423 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 60423, IL
How many homes are available in 60423, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
110 | 118 | +7.3% |
Summary: The 60423 real estate market had 118 homes for sale in April 2024, a 7.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 28 | 37 | +32.1% |
4 Bedrooms | 43 | 43 | 0.0% |
5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The 60423 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 32.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 28 | -12.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 60423 in April 2024, down by 12.5% month-over-month. Of the 28 sold homes, 46% were sold under asking, 18% were sold at asking, and 36% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 27 Days | -39.6% |
Summary: Homes in 60423 had an average of 27 days on market in Apr 2024, down by 39.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in 60423; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.