Is 60506, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 60506 has remained a Seller's Market.
Housing Prices in 60506, IL
How much do homes in 60506, IL cost?
Median Sold Price
$269,655
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60506 was $269,655 in April 2024, up 2.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.4K | $165K | +29.5% |
2 Bedrooms | $200K | $223.7K | +11.9% |
3 Bedrooms | $255K | $275K | +7.8% |
4 Bedrooms | $330K | $331.2K | 0.4% |
5+ Bedrooms | $335K | $321K | -4.2% |
Summary: 60506 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 4.2%.
Housing Supply in 60506, IL
How many homes are available in 60506, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 90 | +8.4% |
Summary: The 60506 real estate market had 90 homes for sale in April 2024, a 8.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 16 | 11 | -31.3% |
3 Bedrooms | 39 | 44 | +12.8% |
4 Bedrooms | 22 | 28 | +27.3% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 60506 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 31.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 30 | -6.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 60506 in April 2024, down by 6.3% month-over-month. Of the 30 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% were sold over asking.
Days on Market for 60506, IL
How long does it take to sell a home in 60506, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 17 Days | -45.1% |
Summary: Homes in 60506 had an average of 17 days on market in Apr 2024, down by 45.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in 60506; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.