Is 60626, 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, 60626 has remained a Seller's Market.
Housing Prices in 60626, IL
How much do homes in 60626, IL cost?
Median Sold Price
$225,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60626 was $225,000 in March 2024, up 8.9% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $141.7K | $142K | 0.2% |
2 Bedrooms | $195.2K | $220K | +12.7% |
3 Bedrooms | $325K | $320K | -1.5% |
4 Bedrooms | $512K | $545K | +6.4% |
5+ Bedrooms | $685K | $750K | +9.5% |
Summary: 60626 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 60626, IL
How many homes are available in 60626, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
86 | 110 | +27.9% |
Summary: The 60626 real estate market had 110 homes for sale in March 2024, a 27.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 17 | +41.7% |
2 Bedrooms | 52 | 70 | +34.6% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 60626 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 41.7%, 2 bedroom homes increased by 34.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 29 | +38.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 60626 in March 2024, up by 38.1% month-over-month. Of the 29 sold homes, 45% were sold under asking, 17% were sold at asking, and 38% were sold over asking.
Days on Market for 60626, IL
How long does it take to sell a home in 60626, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 27 Days | -38.1% |
Summary: Homes in 60626 had an average of 27 days on market in Mar 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 60626; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.