Is 60525, 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, 60525 has remained a Seller's Market.
Housing Prices in 60525, IL
How much do homes in 60525, IL cost?
Median Sold Price
$448,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60525 was $448,000 in April 2024, up 6.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $161.2K | $160K | -0.8% |
2 Bedrooms | $222.5K | $250K | +12.4% |
3 Bedrooms | $419K | $442K | +5.5% |
4 Bedrooms | $700K | $695K | -0.7% |
5+ Bedrooms | $917.5K | $895K | -2.5% |
Summary: 60525 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 2.5%.
Housing Supply in 60525, IL
How many homes are available in 60525, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
109 | 123 | +12.8% |
Summary: The 60525 real estate market had 123 homes for sale in April 2024, a 12.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 21 | 24 | +14.3% |
3 Bedrooms | 30 | 41 | +36.7% |
4 Bedrooms | 37 | 31 | -16.2% |
5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The 60525 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 36.7%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 39 | +11.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 60525 in April 2024, up by 11.4% month-over-month. Of the 39 sold homes, 31% were sold under asking, 21% were sold at asking, and 49% were sold over asking.
Days on Market for 60525, IL
How long does it take to sell a home in 60525, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 13 Days | -53.1% |
Summary: Homes in 60525 had an average of 13 days on market in Apr 2024, down by 53.1% compared to last year.
Breakdown of Home Sale Times
35 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, 39 homes were sold in 60525; 90% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.