Is 60642, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 60642 was a Seller's Market.
Housing Prices in 60642, IL
How much do homes in 60642, IL cost?
Median Sold Price
$560,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60642 was $560,000 in March 2024, up 7.4% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $325K | +8.3% |
2 Bedrooms | $460K | $469.9K | +2.2% |
3 Bedrooms | $630.7K | $681.2K | +8.0% |
4 Bedrooms | $830K | $808K | -2.7% |
5+ Bedrooms | $881.2K | $960.5K | +9.0% |
Summary: 60642 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 9%.
Housing Supply in 60642, IL
How many homes are available in 60642, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
101 | 137 | +35.6% |
Summary: The 60642 real estate market had 137 homes for sale in March 2024, a 35.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 13 | +8.3% |
2 Bedrooms | 29 | 40 | +37.9% |
3 Bedrooms | 40 | 59 | +47.5% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 60642 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 37.9%, 3 bedroom homes increased by 47.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 60642 in March 2024, up by 37.5% month-over-month. Of the 22 sold homes, 41% were sold under asking, 32% were sold at asking, and 27% were sold over asking.
Days on Market for 60642, IL
How long does it take to sell a home in 60642, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 18 Days | -12.8% |
Summary: Homes in 60642 had an average of 18 days on market in Mar 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 60642; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.