Is 60621, 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, 60621 has remained a Seller's Market.
Housing Prices in 60621, IL
How much do homes in 60621, IL cost?
Median Sold Price
$140,000
$64/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60621 was $140,000 in March 2024, down 3.4% from last year, and the median price per square foot was $64.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $60K | $68K | +13.3% |
3 Bedrooms | $72.8K | $68K | -6.7% |
4 Bedrooms | $85K | $81K | -4.7% |
5+ Bedrooms | $200K | $197.5K | -1.3% |
Summary: 60621 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 increased by 13.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 1.3%.
Housing Supply in 60621, IL
How many homes are available in 60621, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
115 | 122 | +6.1% |
Summary: The 60621 real estate market had 122 homes for sale in March 2024, a 6.1% 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 | 8 | 8 | 0.0% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 27 | 33 | +22.2% |
5+ Bedrooms | 64 | 66 | +3.1% |
Summary: The 60621 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 remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 3.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 23 | +64.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 60621 in March 2024, up by 64.3% month-over-month. Of the 23 sold homes, 26% were sold under asking, 22% were sold at asking, and 52% were sold over asking.
Days on Market for 60621, IL
How long does it take to sell a home in 60621, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 57 Days | -15.3% |
Summary: Homes in 60621 had an average of 57 days on market in Mar 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 60621; 70% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.