Is 60463, 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, 60463 has remained a Seller's Market.
Housing Prices in 60463, IL
How much do homes in 60463, IL cost?
Median Sold Price
$361,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60463 was $361,000 in March 2024, up 8.7% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $109.2K | - | N/A |
2 Bedrooms | $252.2K | $274K | +8.6% |
3 Bedrooms | $335K | $349.9K | +4.5% |
4 Bedrooms | $408.7K | $458.4K | +12.2% |
5+ Bedrooms | $465K | $495K | +6.5% |
Summary: 60463 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 8.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 60463, IL
How many homes are available in 60463, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 46 | +35.3% |
Summary: The 60463 real estate market had 46 homes for sale in March 2024, a 35.3% 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 | 10 | 15 | +50.0% |
3 Bedrooms | 17 | 21 | +23.5% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 60463 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 increased by 50%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 60463 in March 2024, up by 100.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 60463, IL
How long does it take to sell a home in 60463, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 41 Days | +18.3% |
Summary: Homes in 60463 had an average of 41 days on market in Mar 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
6 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, 12 homes were sold in 60463; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.