Is 60542, 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, 60542 has remained a Seller's Market.
Housing Prices in 60542, IL
How much do homes in 60542, IL cost?
Median Sold Price
$350,645
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60542 was $350,645 in March 2024, up 15.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.5K | - | N/A |
2 Bedrooms | $279.9K | $326.5K | +16.6% |
3 Bedrooms | $275K | $324.9K | +18.2% |
4 Bedrooms | $411.5K | $445K | +8.1% |
5+ Bedrooms | $449.3K | $542.5K | +20.7% |
Summary: 60542 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 16.6%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 20.7%.
Housing Supply in 60542, IL
How many homes are available in 60542, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 74 | +27.6% |
Summary: The 60542 real estate market had 74 homes for sale in March 2024, a 27.6% 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 | 22 | 31 | +40.9% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 16 | 20 | +25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 60542 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 40.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 21 | +162.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 60542 in March 2024, up by 162.5% month-over-month. Of the 21 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% were sold over asking.
Days on Market for 60542, IL
How long does it take to sell a home in 60542, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 19 Days | -24.8% |
Summary: Homes in 60542 had an average of 19 days on market in Mar 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 60542; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.