Is 60605, 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, 60605 has remained a Seller's Market.
Housing Prices in 60605, IL
How much do homes in 60605, IL cost?
Median Sold Price
$357,750
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60605 was $357,750 in April 2024, up 0.3% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $256.7K | $259.9K | +1.2% |
2 Bedrooms | $405.7K | $410K | +1.0% |
3 Bedrooms | $675K | $679.9K | +0.7% |
4 Bedrooms | $1.0M | $1.0M | -7.6% |
5+ Bedrooms | - | $1.0M | N/A |
Summary: 60605 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes did not change.
Housing Supply in 60605, IL
How many homes are available in 60605, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
229 | 277 | +21.0% |
Summary: The 60605 real estate market had 277 homes for sale in April 2024, a 21.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 80 | 97 | +21.3% |
2 Bedrooms | 99 | 120 | +21.2% |
3 Bedrooms | 39 | 46 | +17.9% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 60605 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.3%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 58 | +31.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in 60605 in April 2024, up by 31.8% month-over-month. Of the 58 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% were sold over asking.
Days on Market for 60605, IL
How long does it take to sell a home in 60605, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 37 Days | -9.1% |
Summary: Homes in 60605 had an average of 37 days on market in Apr 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 58 homes were sold in 60605; 66% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.