Is 60609, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 60609 was a Seller's Market.
Housing Prices in 60609, IL
How much do homes in 60609, IL cost?
Median Sold Price
$267,500
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60609 was $267,500 in March 2024, up 11.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $197.9K | $217.6K | +9.9% |
2 Bedrooms | $232.5K | $244K | +4.9% |
3 Bedrooms | $255K | $275K | +7.8% |
4 Bedrooms | $204K | $270K | +32.4% |
5+ Bedrooms | $270K | $275K | +1.9% |
Summary: 60609 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 60609, IL
How many homes are available in 60609, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 129 | +26.5% |
Summary: The 60609 real estate market had 129 homes for sale in March 2024, a 26.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 4 | +300.0% |
2 Bedrooms | 9 | 13 | +44.4% |
3 Bedrooms | 30 | 34 | +13.3% |
4 Bedrooms | 14 | 23 | +64.3% |
5+ Bedrooms | 48 | 55 | +14.6% |
Summary: The 60609 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 64.3%, and 5+ bedroom homes increased by 14.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 10 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 60609 in March 2024, down by 37.5% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for 60609, IL
How long does it take to sell a home in 60609, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 44 Days | +16.4% |
Summary: Homes in 60609 had an average of 44 days on market in Mar 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 60609; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.