Is 60546, 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, 60546 has remained a Seller's Market.
Housing Prices in 60546, IL
How much do homes in 60546, IL cost?
Median Sold Price
$385,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60546 was $385,000 in March 2024, up 7.1% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $132.2K | +20.2% |
2 Bedrooms | $270K | $275K | +1.9% |
3 Bedrooms | $365K | $362.5K | -0.7% |
4 Bedrooms | $532.5K | $615K | +15.5% |
5+ Bedrooms | $567.5K | $590K | +4.0% |
Summary: 60546 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 4%.
Housing Supply in 60546, IL
How many homes are available in 60546, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 50 | +42.9% |
Summary: The 60546 real estate market had 50 homes for sale in March 2024, a 42.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 5 | 11 | +120.0% |
3 Bedrooms | 15 | 19 | +26.7% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The 60546 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 120%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 16 | +128.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 60546 in March 2024, up by 128.6% month-over-month. Of the 16 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% were sold over asking.
Days on Market for 60546, IL
How long does it take to sell a home in 60546, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 28 Days | -59.8% |
Summary: Homes in 60546 had an average of 28 days on market in Mar 2024, down by 59.8% compared to last year.
Breakdown of Home Sale Times
10 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, 16 homes were sold in 60546; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.