Is 60632, 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, 60632 has remained a Seller's Market.
Housing Prices in 60632, IL
How much do homes in 60632, IL cost?
Median Sold Price
$295,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60632 was $295,000 in March 2024, up 4.9% 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 | - | $83.9K | N/A |
2 Bedrooms | $230.5K | $240K | +4.1% |
3 Bedrooms | $283K | $291K | +2.8% |
4 Bedrooms | $265K | $288K | +8.7% |
5+ Bedrooms | $309K | $355K | +14.9% |
Summary: 60632 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 4.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 14.9%.
Housing Supply in 60632, IL
How many homes are available in 60632, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 95 | +8.0% |
Summary: The 60632 real estate market had 95 homes for sale in March 2024, a 8.0% 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 | 11 | 11 | 0.0% |
3 Bedrooms | 28 | 29 | +3.6% |
4 Bedrooms | 24 | 26 | +8.3% |
5+ Bedrooms | 25 | 29 | +16.0% |
Summary: The 60632 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 3.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 16%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 60632 in March 2024, up by 5.0% month-over-month. Of the 21 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 60632, IL
How long does it take to sell a home in 60632, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 40 Days | +126.6% |
Summary: Homes in 60632 had an average of 40 days on market in Mar 2024, up by 126.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 60632; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.