Is 60614, 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, 60614 has remained a Seller's Market.
Housing Prices in 60614, IL
How much do homes in 60614, IL cost?
Median Sold Price
$728,500
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60614 was $728,500 in March 2024, up 15.2% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $265.5K | +6.2% |
2 Bedrooms | $483.2K | $500.9K | +3.7% |
3 Bedrooms | $750K | $829.3K | +10.6% |
4 Bedrooms | $1.2M | $1.2M | +2.0% |
5+ Bedrooms | $1.9M | $2.0M | +4.9% |
Summary: 60614 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in 60614, IL
How many homes are available in 60614, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
357 | 436 | +22.1% |
Summary: The 60614 real estate market had 436 homes for sale in March 2024, a 22.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 35 | 47 | +34.3% |
2 Bedrooms | 101 | 129 | +27.7% |
3 Bedrooms | 102 | 115 | +12.7% |
4 Bedrooms | 65 | 75 | +15.4% |
5+ Bedrooms | 54 | 70 | +29.6% |
Summary: The 60614 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 34.3%, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 29.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 102 | +52.2% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 102 homes were sold or pending in 60614 in March 2024, up by 52.2% month-over-month. Of the 102 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for 60614, IL
How long does it take to sell a home in 60614, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 32 Days | -9.1% |
Summary: Homes in 60614 had an average of 32 days on market in Mar 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 102 homes were sold in 60614; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.