Is 60440, 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, 60440 has remained a Seller's Market.
Housing Prices in 60440, IL
How much do homes in 60440, IL cost?
Median Sold Price
$296,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60440 was $296,000 in March 2024, up 5.7% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.5K | $120K | +2.1% |
2 Bedrooms | $199.9K | $219.4K | +9.7% |
3 Bedrooms | $265K | $280K | +5.7% |
4 Bedrooms | $322K | $340K | +5.6% |
5+ Bedrooms | $322.5K | $359.9K | +11.6% |
Summary: 60440 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 11.6%.
Housing Supply in 60440, IL
How many homes are available in 60440, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
107 | 113 | +5.6% |
Summary: The 60440 real estate market had 113 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 49 | 57 | +16.3% |
4 Bedrooms | 37 | 41 | +10.8% |
5+ Bedrooms | 6 | 2 | -66.7% |
Summary: The 60440 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 34 | +6.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 60440 in March 2024, up by 6.3% month-over-month. Of the 34 sold homes, 18% were sold under asking, 21% were sold at asking, and 62% were sold over asking.
Days on Market for 60440, IL
How long does it take to sell a home in 60440, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 18 Days | -10.9% |
Summary: Homes in 60440 had an average of 18 days on market in Mar 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in 60440; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.