Is 60561, 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, 60561 has remained a Seller's Market.
Housing Prices in 60561, IL
How much do homes in 60561, IL cost?
Median Sold Price
$385,333
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60561 was $385,333 in March 2024, up 13.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | $126K | +12.5% |
2 Bedrooms | $271.5K | $292K | +7.6% |
3 Bedrooms | $346.5K | $390K | +12.6% |
4 Bedrooms | $440.7K | $497.5K | +12.9% |
5+ Bedrooms | $571.5K | $650K | +13.7% |
Summary: 60561 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 13.7%.
Housing Supply in 60561, IL
How many homes are available in 60561, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 63 | +16.7% |
Summary: The 60561 real estate market had 63 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 14 | 11 | -21.4% |
3 Bedrooms | 20 | 24 | +20.0% |
4 Bedrooms | 16 | 24 | +50.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 60561 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 60561 in March 2024, down by 4.8% month-over-month. Of the 20 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for 60561, IL
How long does it take to sell a home in 60561, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
13 Days | 24 Days | +84.3% |
Summary: Homes in 60561 had an average of 24 days on market in Mar 2024, up by 84.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 60561; 85% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.