Is 60625, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$424,375
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 60625 was $424,375 in February 2024, up 12.1% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157.4K | $163K | +3.5% |
2 Bedrooms | $257.5K | $255K | -1.0% |
3 Bedrooms | $479.5K | $543.7K | +13.4% |
4 Bedrooms | $654.5K | $720K | +10.0% |
5+ Bedrooms | $680K | $700K | +2.9% |
Summary: 60625 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in 60625, IL
How many homes are available in 60625, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
111 | 133 | +19.8% |
Summary: The 60625 real estate market had 133 homes for sale in February 2024, a 19.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 12 | +9.1% |
2 Bedrooms | 36 | 43 | +19.4% |
3 Bedrooms | 21 | 27 | +28.6% |
4 Bedrooms | 14 | 20 | +42.9% |
5+ Bedrooms | 29 | 31 | +6.9% |
Summary: The 60625 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 24 | +4.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 60625 in February 2024, up by 4.3% month-over-month. Of the 24 sold homes, 46% were sold under asking, 4% were sold at asking, and 50% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 36 Days | -11.0% |
Summary: Homes in 60625 had an average of 36 days on market in Feb 2024, down by 11% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 24 homes were sold in 60625; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.