Is 60487, 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, 60487 has remained a Seller's Market.
Housing Prices in 60487, IL
How much do homes in 60487, IL cost?
Median Sold Price
$347,250
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60487 was $347,250 in March 2024, up 4.9% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $265K | $269.7K | +1.8% |
3 Bedrooms | $335K | $355K | +6.0% |
4 Bedrooms | $458K | $464.5K | +1.4% |
5+ Bedrooms | $515K | $514.9K | 0% |
Summary: 60487 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes did not change.
Housing Supply in 60487, IL
How many homes are available in 60487, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 75 | +27.1% |
Summary: The 60487 real estate market had 75 homes for sale in March 2024, a 27.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 28 | 35 | +25.0% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 5 | 11 | +120.0% |
Summary: The 60487 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 120%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 30 | +172.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 60487 in March 2024, up by 172.7% month-over-month. Of the 30 sold homes, 53% were sold under asking, 3% were sold at asking, and 43% were sold over asking.
Days on Market for 60487, IL
How long does it take to sell a home in 60487, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 27 Days | -5.0% |
Summary: Homes in 60487 had an average of 27 days on market in Mar 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in 60487; 67% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.