Is 60478, 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, 60478 has remained a Seller's Market.
Housing Prices in 60478, IL
How much do homes in 60478, IL cost?
Median Sold Price
$189,900
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60478 was $189,900 in April 2024, down 2.6% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $45K | -83.3% |
2 Bedrooms | $135.8K | $142.4K | +4.8% |
3 Bedrooms | $195.5K | $180K | -7.9% |
4 Bedrooms | $213K | $207.9K | -2.4% |
5+ Bedrooms | $253.5K | $290.8K | +14.7% |
Summary: 60478 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 83.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 14.7%.
Housing Supply in 60478, IL
How many homes are available in 60478, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 130 | +28.7% |
Summary: The 60478 real estate market had 130 homes for sale in April 2024, a 28.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 56 | 73 | +30.4% |
4 Bedrooms | 25 | 36 | +44.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 60478 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 remained the same, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 44%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 28 | +33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 60478 in April 2024, up by 33.3% month-over-month. Of the 28 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.
Days on Market for 60478, IL
How long does it take to sell a home in 60478, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 61 Days | +0.8% |
Summary: Homes in 60478 had an average of 61 days on market in Apr 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in 60478; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.