Is 60559, 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, 60559 has remained a Seller's Market.
Housing Prices in 60559, IL
How much do homes in 60559, IL cost?
Median Sold Price
$340,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60559 was $340,000 in March 2024, up 3.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $127.5K | +27.5% |
2 Bedrooms | $245K | $254.5K | +3.9% |
3 Bedrooms | $355K | $360K | +1.4% |
4 Bedrooms | $600K | $488K | -18.7% |
5+ Bedrooms | $635K | $517.1K | -18.6% |
Summary: 60559 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.5%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes decreased by 18.6%.
Housing Supply in 60559, IL
How many homes are available in 60559, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 59 | +43.9% |
Summary: The 60559 real estate market had 59 homes for sale in March 2024, a 43.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 12 | 16 | +33.3% |
3 Bedrooms | 19 | 26 | +36.8% |
4 Bedrooms | 8 | 16 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 60559 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 36.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 21 | +133.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 60559 in March 2024, up by 133.3% month-over-month. Of the 21 sold homes, 29% were sold under asking, 19% were sold at asking, and 52% were sold over asking.
Days on Market for 60559, IL
How long does it take to sell a home in 60559, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 35 Days | -20.0% |
Summary: Homes in 60559 had an average of 35 days on market in Mar 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 60559; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.