Is 60563, 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, 60563 has remained a Seller's Market.
Housing Prices in 60563, IL
How much do homes in 60563, IL cost?
Median Sold Price
$385,333
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60563 was $385,333 in March 2024, up 6.1% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145.5K | $165K | +13.4% |
2 Bedrooms | $235K | $262.5K | +11.7% |
3 Bedrooms | $397.5K | $408.5K | +2.8% |
4 Bedrooms | $599.9K | $645K | +7.5% |
5+ Bedrooms | $770K | $760K | -1.3% |
Summary: 60563 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 1.3%.
Housing Supply in 60563, IL
How many homes are available in 60563, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 118 | +31.1% |
Summary: The 60563 real estate market had 118 homes for sale in March 2024, a 31.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 10 | +66.7% |
2 Bedrooms | 30 | 41 | +36.7% |
3 Bedrooms | 21 | 27 | +28.6% |
4 Bedrooms | 27 | 29 | +7.4% |
5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The 60563 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 36.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 36 | +38.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 60563 in March 2024, up by 38.5% month-over-month. Of the 36 sold homes, 28% were sold under asking, 17% were sold at asking, and 56% were sold over asking.
Days on Market for 60563, IL
How long does it take to sell a home in 60563, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 34 Days | +25.2% |
Summary: Homes in 60563 had an average of 34 days on market in Mar 2024, up by 25.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 60563; 78% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.