Is 60628, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 60628 was a Seller's Market.
Housing Prices in 60628, IL
How much do homes in 60628, IL cost?
Median Sold Price
$165,166
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60628 was $165,166 in March 2024, down 3.6% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | - | N/A |
2 Bedrooms | $155K | $145K | -6.5% |
3 Bedrooms | $171K | $167K | -2.3% |
4 Bedrooms | $165K | $166.7K | +1.1% |
5+ Bedrooms | $201.5K | $213.5K | +6.0% |
Summary: 60628 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 6%.
Housing Supply in 60628, IL
How many homes are available in 60628, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
336 | 381 | +13.4% |
Summary: The 60628 real estate market had 381 homes for sale in March 2024, a 13.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 52 | 57 | +9.6% |
3 Bedrooms | 141 | 156 | +10.6% |
4 Bedrooms | 72 | 88 | +22.2% |
5+ Bedrooms | 70 | 78 | +11.4% |
Summary: The 60628 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 11.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 54 | +10.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in 60628 in March 2024, up by 10.2% month-over-month. Of the 54 sold homes, 48% were sold under asking, 15% were sold at asking, and 37% were sold over asking.
Days on Market for 60628, IL
How long does it take to sell a home in 60628, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 69 Days | +46.8% |
Summary: Homes in 60628 had an average of 69 days on market in Mar 2024, up by 46.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 54 homes were sold in 60628; 37% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.