Is 60481, 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, 60481 has remained a Seller's Market.
Housing Prices in 60481, IL
How much do homes in 60481, IL cost?
Median Sold Price
$187,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60481 was $187,000 in April 2024, up 3.9% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $99.9K | $112K | +12.1% |
2 Bedrooms | $155K | $166.5K | +7.4% |
3 Bedrooms | $223K | $231.5K | +3.8% |
4 Bedrooms | $335K | $260K | -22.4% |
5+ Bedrooms | $390K | $273.5K | -29.9% |
Summary: 60481 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes decreased by 29.9%.
Housing Supply in 60481, IL
How many homes are available in 60481, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 42 | -6.7% |
Summary: The 60481 real estate market had 42 homes for sale in April 2024, a 6.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 9 | -25.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 60481 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 9 | -43.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 60481 in April 2024, down by 43.8% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for 60481, IL
How long does it take to sell a home in 60481, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 40 Days | +115.5% |
Summary: Homes in 60481 had an average of 40 days on market in Apr 2024, up by 115.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in 60481; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.