Is 60465, 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, 60465 has remained a Seller's Market.
Housing Prices in 60465, IL
How much do homes in 60465, IL cost?
Median Sold Price
$241,333
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60465 was $241,333 in March 2024, up 13.4% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105.1K | $125K | +18.9% |
2 Bedrooms | $185K | $194.5K | +5.1% |
3 Bedrooms | $282.5K | $326K | +15.4% |
4 Bedrooms | $402K | $440K | +9.5% |
5+ Bedrooms | $557.4K | $460K | -17.5% |
Summary: 60465 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 17.5%.
Housing Supply in 60465, IL
How many homes are available in 60465, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 81 | +14.1% |
Summary: The 60465 real estate market had 81 homes for sale in March 2024, a 14.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 27 | 30 | +11.1% |
3 Bedrooms | 23 | 28 | +21.7% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 60465 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 36 | +140.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 60465 in March 2024, up by 140.0% month-over-month. Of the 36 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.
Days on Market for 60465, IL
How long does it take to sell a home in 60465, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 26 Days | -44.7% |
Summary: Homes in 60465 had an average of 26 days on market in Mar 2024, down by 44.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 60465; 67% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.