Is 60622, 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, 60622 has remained a Seller's Market.
Housing Prices in 60622, IL
How much do homes in 60622, IL cost?
Median Sold Price
$620,000
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60622 was $620,000 in April 2024, up 6.1% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $279.9K | +1.8% |
2 Bedrooms | $439.8K | $485K | +10.3% |
3 Bedrooms | $645K | $675K | +4.7% |
4 Bedrooms | $970K | $978K | +0.8% |
5+ Bedrooms | $902.5K | $950K | +5.3% |
Summary: 60622 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in 60622, IL
How many homes are available in 60622, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
289 | 315 | +9.0% |
Summary: The 60622 real estate market had 315 homes for sale in April 2024, a 9.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 94 | 105 | +11.7% |
3 Bedrooms | 104 | 101 | -2.9% |
4 Bedrooms | 24 | 34 | +41.7% |
5+ Bedrooms | 60 | 68 | +13.3% |
Summary: The 60622 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 94 | +9.3% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 94 homes were sold or pending in 60622 in April 2024, up by 9.3% month-over-month. Of the 94 sold homes, 38% were sold under asking, 22% were sold at asking, and 39% were sold over asking.
Days on Market for 60622, IL
How long does it take to sell a home in 60622, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 22 Days | -24.8% |
Summary: Homes in 60622 had an average of 22 days on market in Apr 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 94 homes were sold in 60622; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.