Is 60611, 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, 60611 was a Seller's Market.
Housing Prices in 60611, IL
How much do homes in 60611, IL cost?
Median Sold Price
$450,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60611 was $450,000 in March 2024, down 0.2% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $267.7K | $272.5K | +1.8% |
2 Bedrooms | $535K | $480K | -10.3% |
3 Bedrooms | $988K | $975K | -1.3% |
4 Bedrooms | $1.5M | $1.3M | -12.9% |
5+ Bedrooms | $2.6M | $1.8M | -30.8% |
Summary: 60611 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes decreased by 30.8%.
Housing Supply in 60611, IL
How many homes are available in 60611, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
579 | 735 | +26.9% |
Summary: The 60611 real estate market had 735 homes for sale in March 2024, a 26.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 203 | 246 | +21.2% |
2 Bedrooms | 190 | 237 | +24.7% |
3 Bedrooms | 138 | 193 | +39.9% |
4 Bedrooms | 36 | 44 | +22.2% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The 60611 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.2%, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 39.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 85 | +34.9% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in 60611 in March 2024, up by 34.9% month-over-month. Of the 85 sold homes, 80% were sold under asking, 8% were sold at asking, and 12% were sold over asking.
Days on Market for 60611, IL
How long does it take to sell a home in 60611, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
98 Days | 64 Days | -34.6% |
Summary: Homes in 60611 had an average of 64 days on market in Mar 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During March 2024, 85 homes were sold in 60611; 48% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.