Is 60515, 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, 60515 has remained a Seller's Market.
Housing Prices in 60515, IL
How much do homes in 60515, IL cost?
Median Sold Price
$450,500
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60515 was $450,500 in March 2024, up 10.1% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $145K | +11.5% |
2 Bedrooms | $187K | $195K | +4.3% |
3 Bedrooms | $400K | $419K | +4.8% |
4 Bedrooms | $670K | $650K | -3.0% |
5+ Bedrooms | $825K | $960K | +16.4% |
Summary: 60515 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 16.4%.
Housing Supply in 60515, IL
How many homes are available in 60515, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 101 | +23.2% |
Summary: The 60515 real estate market had 101 homes for sale in March 2024, a 23.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 18 | 20 | +11.1% |
3 Bedrooms | 21 | 24 | +14.3% |
4 Bedrooms | 30 | 38 | +26.7% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 60515 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 26 | +62.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 60515 in March 2024, up by 62.5% month-over-month. Of the 26 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for 60515, IL
How long does it take to sell a home in 60515, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 23 Days | -53.0% |
Summary: Homes in 60515 had an average of 23 days on market in Mar 2024, down by 53% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in 60515; 77% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.