Is 60538, 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, 60538 has remained a Seller's Market.
Housing Prices in 60538, IL
How much do homes in 60538, IL cost?
Median Sold Price
$285,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60538 was $285,000 in March 2024, up 9.6% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $219.9K | $235K | +6.9% |
3 Bedrooms | $250K | $271.2K | +8.5% |
4 Bedrooms | $355K | $378.7K | +6.7% |
5+ Bedrooms | $355.5K | $387K | +8.9% |
Summary: 60538 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 8.9%.
Housing Supply in 60538, IL
How many homes are available in 60538, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 68 | +6.3% |
Summary: The 60538 real estate market had 68 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 33 | 35 | +6.1% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 60538 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 8.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 30 | +76.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 60538 in March 2024, up by 76.5% month-over-month. Of the 30 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.
Days on Market for 60538, IL
How long does it take to sell a home in 60538, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 16 Days | -37.3% |
Summary: Homes in 60538 had an average of 16 days on market in Mar 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in 60538; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.