Is 60517, 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, 60517 has remained a Seller's Market.
Housing Prices in 60517, IL
How much do homes in 60517, IL cost?
Median Sold Price
$341,450
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60517 was $341,450 in March 2024, down 1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $113.7K | $142K | +24.8% |
2 Bedrooms | $175K | $200K | +14.3% |
3 Bedrooms | $349.7K | $355K | +1.5% |
4 Bedrooms | $415K | $445K | +7.2% |
5+ Bedrooms | $495K | $526.2K | +6.3% |
Summary: 60517 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.8%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 6.3%.
Housing Supply in 60517, IL
How many homes are available in 60517, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 62 | +8.8% |
Summary: The 60517 real estate market had 62 homes for sale in March 2024, a 8.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 20 | 22 | +10.0% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 60517 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 24 | +26.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 60517 in March 2024, up by 26.3% month-over-month. Of the 24 sold homes, 25% were sold under asking, 21% were sold at asking, and 54% were sold over asking.
Days on Market for 60517, IL
How long does it take to sell a home in 60517, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 17 Days | -40.5% |
Summary: Homes in 60517 had an average of 17 days on market in Mar 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 60517; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.