Is 60613, 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, 60613 has remained a Seller's Market.
Housing Prices in 60613, IL
How much do homes in 60613, IL cost?
Median Sold Price
$373,402
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60613 was $373,402 in March 2024, up 8% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $206K | +8.4% |
2 Bedrooms | $324.7K | $364.6K | +12.3% |
3 Bedrooms | $553K | $575K | +4.0% |
4 Bedrooms | $937.5K | $886.2K | -5.5% |
5+ Bedrooms | $1.3M | $1.2M | -5.4% |
Summary: 60613 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 5.4%.
Housing Supply in 60613, IL
How many homes are available in 60613, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
220 | 254 | +15.5% |
Summary: The 60613 real estate market had 254 homes for sale in March 2024, a 15.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 62 | 66 | +6.5% |
2 Bedrooms | 81 | 91 | +12.3% |
3 Bedrooms | 39 | 44 | +12.8% |
4 Bedrooms | 17 | 18 | +5.9% |
5+ Bedrooms | 21 | 35 | +66.7% |
Summary: The 60613 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 67 | +63.4% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in 60613 in March 2024, up by 63.4% month-over-month. Of the 67 sold homes, 40% were sold under asking, 22% were sold at asking, and 37% were sold over asking.
Days on Market for 60613, IL
How long does it take to sell a home in 60613, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 27 Days | -23.9% |
Summary: Homes in 60613 had an average of 27 days on market in Mar 2024, down by 23.9% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 67 homes were sold in 60613; 81% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.