Is 60430, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 60430 has remained a Seller's Market.
Housing Prices in 60430, IL
How much do homes in 60430, IL cost?
Median Sold Price
$229,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 60430 was $229,000 in February 2024, down 4.6% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76K | $82K | +7.9% |
2 Bedrooms | $140K | $153K | +9.2% |
3 Bedrooms | $242K | $244.9K | +1.2% |
4 Bedrooms | $295.5K | $307K | +3.9% |
5+ Bedrooms | $350K | $339.9K | -2.9% |
Summary: 60430 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 2.9%.
Housing Supply in 60430, IL
How many homes are available in 60430, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
71 | 85 | +19.7% |
Summary: The 60430 real estate market had 85 homes for sale in February 2024, a 19.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 16 | 17 | +6.3% |
3 Bedrooms | 31 | 37 | +19.4% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 60430 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 60430 in February 2024, the same as the previous month. Of the 16 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for 60430, IL
How long does it take to sell a home in 60430, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 35 Days | -14.9% |
Summary: Homes in 60430 had an average of 35 days on market in Feb 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 16 homes were sold in 60430; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.