Is 60640, 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, 60640 has remained a Seller's Market.
Housing Prices in 60640, IL
How much do homes in 60640, IL cost?
Median Sold Price
$343,650
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60640 was $343,650 in March 2024, up 3.5% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $168.5K | +5.3% |
2 Bedrooms | $324.9K | $330K | +1.5% |
3 Bedrooms | $495K | $544.5K | +10.0% |
4 Bedrooms | $872.5K | $867.5K | -0.6% |
5+ Bedrooms | $795K | $825K | +3.8% |
Summary: 60640 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 60640, IL
How many homes are available in 60640, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
173 | 213 | +23.1% |
Summary: The 60640 real estate market had 213 homes for sale in March 2024, a 23.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 40 | 58 | +45.0% |
2 Bedrooms | 60 | 72 | +20.0% |
3 Bedrooms | 45 | 47 | +4.4% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The 60640 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 57 | +35.7% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in 60640 in March 2024, up by 35.7% month-over-month. Of the 57 sold homes, 46% were sold under asking, 16% were sold at asking, and 39% were sold over asking.
Days on Market for 60640, IL
How long does it take to sell a home in 60640, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 27 Days | -2.9% |
Summary: Homes in 60640 had an average of 27 days on market in Mar 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 57 homes were sold in 60640; 74% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.