Is 60638, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 60638 has remained a Seller's Market.
Housing Prices in 60638, IL
How much do homes in 60638, IL cost?
Median Sold Price
$305,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60638 was $305,000 in April 2024, up 2.7% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106K | $122K | +15.1% |
2 Bedrooms | $220K | $216K | -1.8% |
3 Bedrooms | $299K | $310K | +3.7% |
4 Bedrooms | $357K | $350K | -2.0% |
5+ Bedrooms | $430K | $450K | +4.7% |
Summary: 60638 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in 60638, IL
How many homes are available in 60638, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
123 | 144 | +17.1% |
Summary: The 60638 real estate market had 144 homes for sale in April 2024, a 17.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 25 | 23 | -8.0% |
3 Bedrooms | 71 | 82 | +15.5% |
4 Bedrooms | 14 | 21 | +50.0% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The 60638 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 41 | +7.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 60638 in April 2024, up by 7.9% month-over-month. Of the 41 sold homes, 29% were sold under asking, 5% were sold at asking, and 66% were sold over asking.
Days on Market for 60638, IL
How long does it take to sell a home in 60638, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 24 Days | -54.7% |
Summary: Homes in 60638 had an average of 24 days on market in Apr 2024, down by 54.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 41 homes were sold in 60638; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.