Is 60629, 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, 60629 has remained a Seller's Market.
Housing Prices in 60629, IL
How much do homes in 60629, IL cost?
Median Sold Price
$265,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60629 was $265,000 in March 2024, up 1.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172.4K | - | N/A |
2 Bedrooms | $212.7K | $240K | +12.8% |
3 Bedrooms | $255K | $255K | 0.0% |
4 Bedrooms | $275K | $275K | 0.0% |
5+ Bedrooms | $310K | $311K | 0.3% |
Summary: 60629 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 increased by 12.8%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.3%.
Housing Supply in 60629, IL
How many homes are available in 60629, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
111 | 132 | +18.9% |
Summary: The 60629 real estate market had 132 homes for sale in March 2024, a 18.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 31 | 39 | +25.8% |
4 Bedrooms | 34 | 43 | +26.5% |
5+ Bedrooms | 31 | 35 | +12.9% |
Summary: The 60629 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 12.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 28 | +12.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 60629 in March 2024, up by 12.0% month-over-month. Of the 28 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for 60629, IL
How long does it take to sell a home in 60629, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 26 Days | -50.1% |
Summary: Homes in 60629 had an average of 26 days on market in Mar 2024, down by 50.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 60629; 71% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.