Is 60471, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 60471 has remained a Seller's Market.
Housing Prices in 60471, IL
How much do homes in 60471, IL cost?
Median Sold Price
$190,125
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60471 was $190,125 in April 2024, up 2.2% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50.5K | $49K | -3.0% |
2 Bedrooms | $97.5K | $110.5K | +13.3% |
3 Bedrooms | $188.7K | $180K | -4.6% |
4 Bedrooms | $243K | $285K | +17.3% |
5+ Bedrooms | $295.7K | $320K | +8.2% |
Summary: 60471 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in 60471, IL
How many homes are available in 60471, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 60 | +13.2% |
Summary: The 60471 real estate market had 60 homes for sale in April 2024, a 13.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 29 | 37 | +27.6% |
4 Bedrooms | 17 | 15 | -11.8% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 60471 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 27.6%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 60471 in April 2024, up by 25.0% month-over-month. Of the 15 sold homes, 27% were sold under asking, 27% were sold at asking, and 47% were sold over asking.
Days on Market for 60471, IL
How long does it take to sell a home in 60471, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 67 Days | +91.0% |
Summary: Homes in 60471 had an average of 67 days on market in Apr 2024, up by 91% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in 60471; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.