Is 60631, 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, 60631 has remained a Seller's Market.
Housing Prices in 60631, IL
How much do homes in 60631, IL cost?
Median Sold Price
$389,750
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60631 was $389,750 in March 2024, up 1.2% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133.2K | $162.5K | +22.0% |
2 Bedrooms | $230K | $256K | +11.3% |
3 Bedrooms | $411.2K | $410K | -0.3% |
4 Bedrooms | $520K | $622.5K | +19.7% |
5+ Bedrooms | $615K | $640K | +4.1% |
Summary: 60631 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 11.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 60631, IL
How many homes are available in 60631, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 103 | +32.1% |
Summary: The 60631 real estate market had 103 homes for sale in March 2024, a 32.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 24 | 28 | +16.7% |
3 Bedrooms | 22 | 32 | +45.5% |
4 Bedrooms | 18 | 25 | +38.9% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 60631 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 24 | +41.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 60631 in March 2024, up by 41.2% month-over-month. Of the 24 sold homes, 29% were sold under asking, 38% were sold at asking, and 33% were sold over asking.
Days on Market for 60631, IL
How long does it take to sell a home in 60631, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 21 Days | -17.5% |
Summary: Homes in 60631 had an average of 21 days on market in Mar 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 60631; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.