Is 60491, 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, 60491 has remained a Seller's Market.
Housing Prices in 60491, IL
How much do homes in 60491, IL cost?
Median Sold Price
$470,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60491 was $470,000 in March 2024, up 11.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $317.5K | $307.4K | -3.2% |
3 Bedrooms | $390K | $445K | +14.1% |
4 Bedrooms | $440K | $495K | +12.5% |
5+ Bedrooms | $540K | $620K | +14.8% |
Summary: 60491 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 decreased by 3.2%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 14.8%.
Housing Supply in 60491, IL
How many homes are available in 60491, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 56 | 0.0% |
Summary: The 60491 real estate market had 56 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 28 | 24 | -14.3% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 60491 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 31.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 14 | -22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 60491 in March 2024, down by 22.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% were sold over asking.
Days on Market for 60491, IL
How long does it take to sell a home in 60491, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 29 Days | -16.7% |
Summary: Homes in 60491 had an average of 29 days on market in Mar 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 60491; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.