Is 60620, 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, 60620 was a Seller's Market.
Housing Prices in 60620, IL
How much do homes in 60620, IL cost?
Median Sold Price
$215,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60620 was $215,000 in March 2024, up 6.2% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $40K | N/A |
2 Bedrooms | $154.5K | $125K | -19.1% |
3 Bedrooms | $182K | $187K | +2.7% |
4 Bedrooms | $214.5K | $221.5K | +3.3% |
5+ Bedrooms | $269.9K | $285K | +5.6% |
Summary: 60620 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in 60620, IL
How many homes are available in 60620, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
218 | 255 | +17.0% |
Summary: The 60620 real estate market had 255 homes for sale in March 2024, a 17.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 23 | 25 | +8.7% |
3 Bedrooms | 79 | 97 | +22.8% |
4 Bedrooms | 52 | 66 | +26.9% |
5+ Bedrooms | 64 | 67 | +4.7% |
Summary: The 60620 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 22.8%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 4.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 28 | -42.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 60620 in March 2024, down by 42.9% month-over-month. Of the 28 sold homes, 36% were sold under asking, 25% were sold at asking, and 39% were sold over asking.
Days on Market for 60620, IL
How long does it take to sell a home in 60620, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
77 Days | 42 Days | -44.9% |
Summary: Homes in 60620 had an average of 42 days on market in Mar 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 60620; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.