Is 60503, 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, 60503 has remained a Seller's Market.
Housing Prices in 60503, IL
How much do homes in 60503, IL cost?
Median Sold Price
$370,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60503 was $370,000 in March 2024, up 3.8% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $266K | +15.7% |
3 Bedrooms | $349.9K | $370.7K | +5.9% |
4 Bedrooms | $415K | $458K | +10.4% |
5+ Bedrooms | $485.1K | $491K | +1.2% |
Summary: 60503 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 15.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in 60503, IL
How many homes are available in 60503, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 46 | +35.3% |
Summary: The 60503 real estate market had 46 homes for sale in March 2024, a 35.3% 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 | 10 | 16 | +60.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 13 | 19 | +46.2% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 60503 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 60%, 3 bedroom homes remained the same, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 60503 in March 2024, up by 85.7% month-over-month. Of the 13 sold homes, 15% were sold under asking, 38% were sold at asking, and 46% were sold over asking.
Days on Market for 60503, IL
How long does it take to sell a home in 60503, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 16 Days | -33.8% |
Summary: Homes in 60503 had an average of 16 days on market in Mar 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 60503; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.