Is 60624, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 60624 was a Seller's Market.
Housing Prices in 60624, IL
How much do homes in 60624, IL cost?
Median Sold Price
$250,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60624 was $250,000 in April 2024, up 6.4% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $51.5K | - | N/A |
2 Bedrooms | $85K | $101.7K | +19.6% |
3 Bedrooms | $184.5K | $203.5K | +10.3% |
4 Bedrooms | $249.9K | $154.5K | -38.2% |
5+ Bedrooms | $254K | $315K | +24.0% |
Summary: 60624 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 38.2%, and 5+ bedroom homes increased by 24%.
Housing Supply in 60624, IL
How many homes are available in 60624, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 125 | +23.8% |
Summary: The 60624 real estate market had 125 homes for sale in April 2024, a 23.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 17 | 20 | +17.6% |
4 Bedrooms | 13 | 19 | +46.2% |
5+ Bedrooms | 64 | 80 | +25.0% |
Summary: The 60624 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 decreased by 16.7%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 60624 in April 2024, up by 41.7% month-over-month. Of the 17 sold homes, 29% were sold under asking, 29% were sold at asking, and 41% were sold over asking.
Days on Market for 60624, IL
How long does it take to sell a home in 60624, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 54 Days | -9.2% |
Summary: Homes in 60624 had an average of 54 days on market in Apr 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in 60624; 53% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.