Is 60425, 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, 60425 has remained a Seller's Market.
Housing Prices in 60425, IL
How much do homes in 60425, IL cost?
Median Sold Price
$195,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60425 was $195,000 in March 2024, up 15% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53K | $57.9K | +9.3% |
2 Bedrooms | $107.5K | $117.5K | +9.3% |
3 Bedrooms | $200K | $208K | +4.0% |
4 Bedrooms | $207K | $234K | +13.0% |
5+ Bedrooms | $260K | $245K | -5.8% |
Summary: 60425 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 5.8%.
Housing Supply in 60425, IL
How many homes are available in 60425, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 54 | 0.0% |
Summary: The 60425 real estate market had 54 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 | 13 | 15 | +15.4% |
3 Bedrooms | 22 | 23 | +4.5% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 60425 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 15.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 60425 in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for 60425, IL
How long does it take to sell a home in 60425, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 96 Days | +225.3% |
Summary: Homes in 60425 had an average of 96 days on market in Mar 2024, up by 225.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 60425; 25% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 58% of homes were sold over 90 days.