Is 60431, 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, 60431 has remained a Seller's Market.
Housing Prices in 60431, IL
How much do homes in 60431, IL cost?
Median Sold Price
$316,601
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60431 was $316,601 in April 2024, up 4.4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $116K | N/A |
2 Bedrooms | $238.2K | $250K | +4.9% |
3 Bedrooms | $295.2K | $315K | +6.7% |
4 Bedrooms | $375.2K | $380K | +1.3% |
5+ Bedrooms | $395K | $423K | +7.1% |
Summary: 60431 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 60431, IL
How many homes are available in 60431, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 86 | +17.8% |
Summary: The 60431 real estate market had 86 homes for sale in April 2024, a 17.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 43 | 39 | -9.3% |
4 Bedrooms | 19 | 29 | +52.6% |
5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The 60431 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 33.3%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 52.6%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 27 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 60431 in April 2024, the same as the previous month. Of the 27 sold homes, 22% were sold under asking, 19% were sold at asking, and 59% were sold over asking.
Days on Market for 60431, IL
How long does it take to sell a home in 60431, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 16 Days | -30.2% |
Summary: Homes in 60431 had an average of 16 days on market in Apr 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in 60431; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.