Is 60482, 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, 60482 has remained a Seller's Market.
Housing Prices in 60482, IL
How much do homes in 60482, IL cost?
Median Sold Price
$249,500
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60482 was $249,500 in March 2024, up 22.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $92K | +8.2% |
2 Bedrooms | $120K | $136K | +13.3% |
3 Bedrooms | $232K | $259.5K | +11.9% |
4 Bedrooms | $311K | $300K | -3.5% |
5+ Bedrooms | $275K | $310K | +12.7% |
Summary: 60482 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 12.7%.
Housing Supply in 60482, IL
How many homes are available in 60482, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 28 | +12.0% |
Summary: The 60482 real estate market had 28 homes for sale in March 2024, a 12.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 12 | 8 | -33.3% |
3 Bedrooms | 5 | 10 | +100.0% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 60482 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 decreased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 60482 in March 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for 60482, IL
How long does it take to sell a home in 60482, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 16 Days | -23.1% |
Summary: Homes in 60482 had an average of 16 days on market in Mar 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 60482; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.