Is 60527, 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, 60527 has remained a Seller's Market.
Housing Prices in 60527, IL
How much do homes in 60527, IL cost?
Median Sold Price
$395,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60527 was $395,000 in March 2024, up 1.7% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $141K | +12.8% |
2 Bedrooms | $222K | $280K | +26.1% |
3 Bedrooms | $379.9K | $397.5K | +4.6% |
4 Bedrooms | $667.5K | $745K | +11.6% |
5+ Bedrooms | $1.0M | $987.5K | -6.0% |
Summary: 60527 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 26.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 6%.
Housing Supply in 60527, IL
How many homes are available in 60527, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 129 | +26.5% |
Summary: The 60527 real estate market had 129 homes for sale in March 2024, a 26.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 29 | 44 | +51.7% |
3 Bedrooms | 22 | 26 | +18.2% |
4 Bedrooms | 25 | 27 | +8.0% |
5+ Bedrooms | 20 | 27 | +35.0% |
Summary: The 60527 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 51.7%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 35%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 30 | +100.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 60527 in March 2024, up by 100.0% month-over-month. Of the 30 sold homes, 63% were sold under asking, 3% were sold at asking, and 33% were sold over asking.
Days on Market for 60527, IL
How long does it take to sell a home in 60527, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 31 Days | -42.9% |
Summary: Homes in 60527 had an average of 31 days on market in Mar 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in 60527; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.