Is 60504, 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, 60504 has remained a Seller's Market.
Housing Prices in 60504, IL
How much do homes in 60504, IL cost?
Median Sold Price
$310,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60504 was $310,000 in March 2024, up 6.8% 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 | $89.9K | $90K | 0.1% |
2 Bedrooms | $220K | $230.3K | +4.7% |
3 Bedrooms | $291K | $315K | +8.2% |
4 Bedrooms | $405.3K | $436K | +7.6% |
5+ Bedrooms | $487K | $610K | +25.3% |
Summary: 60504 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 25.3%.
Housing Supply in 60504, IL
How many homes are available in 60504, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 82 | +20.6% |
Summary: The 60504 real estate market had 82 homes for sale in March 2024, a 20.6% 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 | 15 | 17 | +13.3% |
3 Bedrooms | 42 | 53 | +26.2% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 60504 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 13.3%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 30 | +50.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 60504 in March 2024, up by 50.0% month-over-month. Of the 30 sold homes, 43% were sold under asking, 3% were sold at asking, and 53% were sold over asking.
Days on Market for 60504, IL
How long does it take to sell a home in 60504, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 16 Days | -1.0% |
Summary: Homes in 60504 had an average of 16 days on market in Mar 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in 60504; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.