Is 60532, 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, 60532 has remained a Seller's Market.
Housing Prices in 60532, IL
How much do homes in 60532, IL cost?
Median Sold Price
$342,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60532 was $342,000 in March 2024, up 4.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $171K | +14.0% |
2 Bedrooms | $190K | $220.2K | +15.9% |
3 Bedrooms | $365K | $366.2K | 0.3% |
4 Bedrooms | $507.5K | $557.9K | +9.9% |
5+ Bedrooms | $587.5K | $710K | +20.9% |
Summary: 60532 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 20.9%.
Housing Supply in 60532, IL
How many homes are available in 60532, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 75 | +8.7% |
Summary: The 60532 real estate market had 75 homes for sale in March 2024, a 8.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 9 | 0.0% |
2 Bedrooms | 17 | 26 | +52.9% |
3 Bedrooms | 18 | 14 | -22.2% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 60532 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 52.9%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 30 | +30.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 60532 in March 2024, up by 30.4% month-over-month. Of the 30 sold homes, 43% were sold under asking, 17% were sold at asking, and 40% were sold over asking.
Days on Market for 60532, IL
How long does it take to sell a home in 60532, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 34 Days | +71.3% |
Summary: Homes in 60532 had an average of 34 days on market in Mar 2024, up by 71.3% 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 60532; 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.