Is 60625, 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, 60625 has remained a Seller's Market.
Housing Prices in 60625, IL
How much do homes in 60625, IL cost?
Median Sold Price
$422,678
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60625 was $422,678 in March 2024, up 5.5% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $152.5K | $163K | +6.9% |
2 Bedrooms | $254.3K | $252.5K | -0.7% |
3 Bedrooms | $509.7K | $525K | +3.0% |
4 Bedrooms | $670K | $717.5K | +7.1% |
5+ Bedrooms | $675K | $700K | +3.7% |
Summary: 60625 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 60625, IL
How many homes are available in 60625, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
127 | 170 | +33.9% |
Summary: The 60625 real estate market had 170 homes for sale in March 2024, a 33.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 43 | 54 | +25.6% |
3 Bedrooms | 27 | 39 | +44.4% |
4 Bedrooms | 20 | 28 | +40.0% |
5+ Bedrooms | 29 | 39 | +34.5% |
Summary: The 60625 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 34.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 49 | +69.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in 60625 in March 2024, up by 69.0% month-over-month. Of the 49 sold homes, 31% were sold under asking, 33% were sold at asking, and 37% were sold over asking.
Days on Market for 60625, IL
How long does it take to sell a home in 60625, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 28 Days | -19.7% |
Summary: Homes in 60625 had an average of 28 days on market in Mar 2024, down by 19.7% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 49 homes were sold in 60625; 78% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.