Is 60612, 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, 60612 has remained a Seller's Market.
Housing Prices in 60612, IL
How much do homes in 60612, IL cost?
Median Sold Price
$382,812
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60612 was $382,812 in April 2024, up 3.1% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $247.9K | $250K | +0.8% |
2 Bedrooms | $275K | $303.7K | +10.5% |
3 Bedrooms | $430K | $419K | -2.6% |
4 Bedrooms | $525K | $500K | -4.8% |
5+ Bedrooms | $477.5K | $495.7K | +3.8% |
Summary: 60612 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 60612, IL
How many homes are available in 60612, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
126 | 159 | +26.2% |
Summary: The 60612 real estate market had 159 homes for sale in April 2024, a 26.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 8 | +166.7% |
2 Bedrooms | 35 | 47 | +34.3% |
3 Bedrooms | 46 | 54 | +17.4% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 27 | 33 | +22.2% |
Summary: The 60612 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 166.7%, 2 bedroom homes increased by 34.3%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 29 | +16.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 60612 in April 2024, up by 16.0% month-over-month. Of the 29 sold homes, 59% were sold under asking, 10% were sold at asking, and 31% were sold over asking.
Days on Market for 60612, IL
How long does it take to sell a home in 60612, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 33 Days | +18.8% |
Summary: Homes in 60612 had an average of 33 days on market in Apr 2024, up by 18.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in 60612; 79% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.