Is 60543, 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, 60543 has remained a Seller's Market.
Housing Prices in 60543, IL
How much do homes in 60543, IL cost?
Median Sold Price
$368,029
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60543 was $368,029 in March 2024, up 5.2% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $99.5K | $115K | +15.6% |
2 Bedrooms | $235K | $261.5K | +11.3% |
3 Bedrooms | $315K | $336.5K | +6.8% |
4 Bedrooms | $430K | $441.3K | +2.6% |
5+ Bedrooms | $470K | $495K | +5.3% |
Summary: 60543 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in 60543, IL
How many homes are available in 60543, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
116 | 136 | +17.2% |
Summary: The 60543 real estate market had 136 homes for sale in March 2024, a 17.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 18 | 24 | +33.3% |
3 Bedrooms | 41 | 48 | +17.1% |
4 Bedrooms | 46 | 50 | +8.7% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 60543 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 33.3%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 40 | +42.9% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 60543 in March 2024, up by 42.9% month-over-month. Of the 40 sold homes, 45% were sold under asking, 23% were sold at asking, and 33% were sold over asking.
Days on Market for 60543, IL
How long does it take to sell a home in 60543, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 32 Days | +42.1% |
Summary: Homes in 60543 had an average of 32 days on market in Mar 2024, up by 42.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in 60543; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.