Is 60601, 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, 60601 has remained a Seller's Market.
Housing Prices in 60601, IL
How much do homes in 60601, IL cost?
Median Sold Price
$487,500
$460/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60601 was $487,500 in April 2024, up 1.6% from last year, and the median price per square foot was $460.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $365K | +15.9% |
2 Bedrooms | $570K | $564.7K | -0.9% |
3 Bedrooms | $1.1M | $1.1M | -3.0% |
4 Bedrooms | $3.1M | $2.8M | -9.6% |
5+ Bedrooms | - | $2.4M | N/A |
Summary: 60601 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes did not change.
Housing Supply in 60601, IL
How many homes are available in 60601, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
119 | 154 | +29.4% |
Summary: The 60601 real estate market had 154 homes for sale in April 2024, a 29.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 44 | 62 | +40.9% |
2 Bedrooms | 49 | 63 | +28.6% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 60601 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40.9%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 28 | +75.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 60601 in April 2024, up by 75.0% month-over-month. Of the 28 sold homes, 96% were sold under asking, 0% were sold at asking, and 4% were sold over asking.
Days on Market for 60601, IL
How long does it take to sell a home in 60601, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 71 Days | +19.1% |
Summary: Homes in 60601 had an average of 71 days on market in Apr 2024, up by 19.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in 60601; 54% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.