Is 60429, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 60429 was a Seller's Market.
Housing Prices in 60429, IL
How much do homes in 60429, IL cost?
Median Sold Price
$175,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60429 was $175,000 in April 2024, up 12.9% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47.2K | $54K | +14.3% |
2 Bedrooms | $96.4K | $132K | +36.9% |
3 Bedrooms | $154.9K | $165K | +6.5% |
4 Bedrooms | $223.2K | $229.5K | +2.8% |
5+ Bedrooms | $246K | $200K | -18.7% |
Summary: 60429 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 36.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 18.7%.
Housing Supply in 60429, IL
How many homes are available in 60429, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
78 | 86 | +10.3% |
Summary: The 60429 real estate market had 86 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 50 | 54 | +8.0% |
4 Bedrooms | 14 | 20 | +42.9% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 60429 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 decreased by 14.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 60429 in April 2024, up by 44.4% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for 60429, IL
How long does it take to sell a home in 60429, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 40 Days | +35.3% |
Summary: Homes in 60429 had an average of 40 days on market in Apr 2024, up by 35.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in 60429; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.