Is 60560, 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, 60560 has remained a Seller's Market.
Housing Prices in 60560, IL
How much do homes in 60560, IL cost?
Median Sold Price
$369,089
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60560 was $369,089 in March 2024, up 17% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133K | $149.9K | +12.7% |
2 Bedrooms | $230K | $245K | +6.5% |
3 Bedrooms | $285K | $318K | +11.6% |
4 Bedrooms | $405K | $419.9K | +3.7% |
5+ Bedrooms | $465K | $535.6K | +15.2% |
Summary: 60560 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 15.2%.
Housing Supply in 60560, IL
How many homes are available in 60560, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
152 | 167 | +9.9% |
Summary: The 60560 real estate market had 167 homes for sale in March 2024, a 9.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 19 | 26 | +36.8% |
3 Bedrooms | 44 | 36 | -18.2% |
4 Bedrooms | 80 | 94 | +17.5% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 60560 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 36.8%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 36 | +5.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 60560 in March 2024, up by 5.9% month-over-month. Of the 36 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% were sold over asking.
Days on Market for 60560, IL
How long does it take to sell a home in 60560, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 28 Days | -21.6% |
Summary: Homes in 60560 had an average of 28 days on market in Mar 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 60560; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.