Is 60435, 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, 60435 has remained a Seller's Market.
Housing Prices in 60435, IL
How much do homes in 60435, IL cost?
Median Sold Price
$241,190
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60435 was $241,190 in March 2024, up 9.4% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75.2K | $87K | +15.6% |
2 Bedrooms | $180K | $210K | +16.7% |
3 Bedrooms | $225K | $250K | +11.1% |
4 Bedrooms | $265K | $290K | +9.4% |
5+ Bedrooms | $293.5K | $329.9K | +12.4% |
Summary: 60435 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 12.4%.
Housing Supply in 60435, IL
How many homes are available in 60435, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
110 | 120 | +9.1% |
Summary: The 60435 real estate market had 120 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 36 | 28 | -22.2% |
3 Bedrooms | 43 | 58 | +34.9% |
4 Bedrooms | 22 | 22 | 0.0% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 60435 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 34.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 40 | +53.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 60435 in March 2024, up by 53.8% month-over-month. Of the 40 sold homes, 28% were sold under asking, 20% were sold at asking, and 53% were sold over asking.
Days on Market for 60435, IL
How long does it take to sell a home in 60435, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 23 Days | +4.3% |
Summary: Homes in 60435 had an average of 23 days on market in Mar 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in 60435; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.