Is 60490, 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, 60490 has remained a Seller's Market.
Housing Prices in 60490, IL
How much do homes in 60490, IL cost?
Median Sold Price
$450,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60490 was $450,000 in March 2024, up 7.1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $304.5K | $359.9K | +18.2% |
3 Bedrooms | $350K | $385K | +10.0% |
4 Bedrooms | $450K | $501K | +11.3% |
5+ Bedrooms | $517.5K | $545.5K | +5.4% |
Summary: 60490 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 18.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in 60490, IL
How many homes are available in 60490, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 59 | +34.1% |
Summary: The 60490 real estate market had 59 homes for sale in March 2024, a 34.1% 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 | 1 | 3 | +200.0% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 23 | 31 | +34.8% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 60490 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 increased by 200%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 60490 in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for 60490, IL
How long does it take to sell a home in 60490, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 15 Days | -60.8% |
Summary: Homes in 60490 had an average of 15 days on market in Mar 2024, down by 60.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 60490; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.