Is 60554, 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, 60554 has remained a Seller's Market.
Housing Prices in 60554, IL
How much do homes in 60554, IL cost?
Median Sold Price
$399,900
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60554 was $399,900 in March 2024, up 4.9% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240.5K | $260K | +8.1% |
3 Bedrooms | $324.7K | $345K | +6.2% |
4 Bedrooms | $430K | $438K | +1.9% |
5+ Bedrooms | $463.7K | $542.5K | +17.0% |
Summary: 60554 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 8.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 17%.
Housing Supply in 60554, IL
How many homes are available in 60554, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 47 | +27.0% |
Summary: The 60554 real estate market had 47 homes for sale in March 2024, a 27.0% 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 | 7 | 6 | -14.3% |
3 Bedrooms | 7 | 12 | +71.4% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 60554 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 decreased by 14.3%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 17 | +183.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 60554 in March 2024, up by 183.3% month-over-month. Of the 17 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.
Days on Market for 60554, IL
How long does it take to sell a home in 60554, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 17 Days | -9.2% |
Summary: Homes in 60554 had an average of 17 days on market in Mar 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 60554; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.