Is 60603, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 60603 was a Seller's Market.
Housing Prices in 60603, IL
How much do homes in 60603, IL cost?
Median Sold Price
$585,000
$457/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60603 was $585,000 in April 2024, up 4.5% from last year, and the median price per square foot was $457.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $292K | $323.7K | +10.9% |
2 Bedrooms | $642.5K | $710.5K | +10.6% |
3 Bedrooms | $1.2M | $1.4M | +13.0% |
4 Bedrooms | - | $765K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: 60603 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 13%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
60604 | $360K | $385K | +6.9% |
60603 | $560K | $585K | +4.5% |
60601 | $480K | $487.5K | +1.6% |
Housing Supply in 60603, IL
How many homes are available in 60603, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 31 | +40.9% |
Summary: The 60603 real estate market had 31 homes for sale in April 2024, a 40.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 16 | 21 | +31.3% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 60603 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 60603 in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 60603, IL
How long does it take to sell a home in 60603, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
94 Days | 31 Days | -66.7% |
Summary: Homes in 60603 had an average of 31 days on market in Apr 2024, down by 66.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in 60603; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.