Is 60634, 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, 60634 has remained a Seller's Market.
Housing Prices in 60634, IL
How much do homes in 60634, IL cost?
Median Sold Price
$352,887
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60634 was $352,887 in March 2024, up 3.4% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127K | $131.5K | +3.5% |
2 Bedrooms | $270K | $275.5K | +2.0% |
3 Bedrooms | $348K | $355.3K | +2.1% |
4 Bedrooms | $393.5K | $385K | -2.2% |
5+ Bedrooms | $469K | $464.9K | -0.9% |
Summary: 60634 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in 60634, IL
How many homes are available in 60634, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
137 | 167 | +21.9% |
Summary: The 60634 real estate market had 167 homes for sale in March 2024, a 21.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 34 | 41 | +20.6% |
3 Bedrooms | 38 | 59 | +55.3% |
4 Bedrooms | 43 | 48 | +11.6% |
5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The 60634 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 increased by 20.6%, 3 bedroom homes increased by 55.3%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 46 | +43.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in 60634 in March 2024, up by 43.8% month-over-month. Of the 46 sold homes, 52% were sold under asking, 9% were sold at asking, and 39% were sold over asking.
Days on Market for 60634, IL
How long does it take to sell a home in 60634, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 28 Days | -16.5% |
Summary: Homes in 60634 had an average of 28 days on market in Mar 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 46 homes were sold in 60634; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.