Is 60586, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 60586 has remained a Seller's Market.
Housing Prices in 60586, IL
How much do homes in 60586, IL cost?
Median Sold Price
$369,958
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60586 was $369,958 in April 2024, up 9.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $232K | $253.3K | +9.2% |
3 Bedrooms | $320K | $345K | +7.8% |
4 Bedrooms | $383.6K | $429.9K | +12.1% |
5+ Bedrooms | $391K | $480K | +22.8% |
Summary: 60586 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 22.8%.
Housing Supply in 60586, IL
How many homes are available in 60586, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
120 | 165 | +37.5% |
Summary: The 60586 real estate market had 165 homes for sale in April 2024, a 37.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 45 | 74 | +64.4% |
4 Bedrooms | 56 | 71 | +26.8% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 60586 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 64.4%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 43 | +38.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in 60586 in April 2024, up by 38.7% month-over-month. Of the 43 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% were sold over asking.
Days on Market for 60586, IL
How long does it take to sell a home in 60586, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 13 Days | -34.5% |
Summary: Homes in 60586 had an average of 13 days on market in Apr 2024, down by 34.5% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 43 homes were sold in 60586; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.