Is 60607, 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, 60607 has remained a Seller's Market.
Housing Prices in 60607, IL
How much do homes in 60607, IL cost?
Median Sold Price
$469,550
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60607 was $469,550 in March 2024, up 0.9% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $289K | $324K | +12.1% |
2 Bedrooms | $440.5K | $464.5K | +5.4% |
3 Bedrooms | $918.7K | $821.7K | -10.6% |
4 Bedrooms | $1.3M | $2.0M | +48.6% |
5+ Bedrooms | $986K | $1.0M | +8.0% |
Summary: 60607 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 48.6%, and 5+ bedroom homes increased by 8%.
Housing Supply in 60607, IL
How many homes are available in 60607, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
165 | 219 | +32.7% |
Summary: The 60607 real estate market had 219 homes for sale in March 2024, a 32.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 39 | +44.4% |
2 Bedrooms | 76 | 100 | +31.6% |
3 Bedrooms | 46 | 57 | +23.9% |
4 Bedrooms | 11 | 15 | +36.4% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 60607 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 44 | +37.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in 60607 in March 2024, up by 37.5% month-over-month. Of the 44 sold homes, 52% were sold under asking, 9% were sold at asking, and 39% were sold over asking.
Days on Market for 60607, IL
How long does it take to sell a home in 60607, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 61 Days | +37.6% |
Summary: Homes in 60607 had an average of 61 days on market in Mar 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 44 homes were sold in 60607; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.