Is 60451, 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, 60451 has remained a Seller's Market.
Housing Prices in 60451, IL
How much do homes in 60451, IL cost?
Median Sold Price
$396,132
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60451 was $396,132 in March 2024, up 10.3% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $220K | $230K | +4.5% |
3 Bedrooms | $315K | $375.5K | +19.2% |
4 Bedrooms | $435K | $460K | +5.7% |
5+ Bedrooms | $516K | $563.5K | +9.2% |
Summary: 60451 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 9.2%.
Housing Supply in 60451, IL
How many homes are available in 60451, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 104 | +10.6% |
Summary: The 60451 real estate market had 104 homes for sale in March 2024, a 10.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 30 | 40 | +33.3% |
4 Bedrooms | 41 | 40 | -2.4% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 60451 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 23 | -4.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 60451 in March 2024, down by 4.2% month-over-month. Of the 23 sold homes, 43% were sold under asking, 22% were sold at asking, and 35% were sold over asking.
Days on Market for 60451, IL
How long does it take to sell a home in 60451, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 35 Days | -17.1% |
Summary: Homes in 60451 had an average of 35 days on market in Mar 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 60451; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.