Is 60540, 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, 60540 has remained a Seller's Market.
Housing Prices in 60540, IL
How much do homes in 60540, IL cost?
Median Sold Price
$571,875
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60540 was $571,875 in March 2024, up 12.1% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $282.5K | +8.7% |
2 Bedrooms | $300K | $335K | +11.7% |
3 Bedrooms | $435K | $472.5K | +8.6% |
4 Bedrooms | $630K | $646K | +2.5% |
5+ Bedrooms | $765K | $845K | +10.5% |
Summary: 60540 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 10.5%.
Housing Supply in 60540, IL
How many homes are available in 60540, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 137 | +34.3% |
Summary: The 60540 real estate market had 137 homes for sale in March 2024, a 34.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 20 | 27 | +35.0% |
3 Bedrooms | 20 | 28 | +40.0% |
4 Bedrooms | 42 | 57 | +35.7% |
5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The 60540 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 27 | +58.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 60540 in March 2024, up by 58.8% month-over-month. Of the 27 sold homes, 48% were sold under asking, 11% were sold at asking, and 41% were sold over asking.
Days on Market for 60540, IL
How long does it take to sell a home in 60540, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 36 Days | +44.7% |
Summary: Homes in 60540 had an average of 36 days on market in Mar 2024, up by 44.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 60540; 74% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.