Is 60643, 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, 60643 has remained a Seller's Market.
Housing Prices in 60643, IL
How much do homes in 60643, IL cost?
Median Sold Price
$228,741
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60643 was $228,741 in March 2024, down 2.8% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83K | $87.5K | +5.4% |
2 Bedrooms | $154.5K | $154.9K | 0.3% |
3 Bedrooms | $210K | $220K | +4.8% |
4 Bedrooms | $367K | $305K | -16.9% |
5+ Bedrooms | $340K | $338.3K | -0.5% |
Summary: 60643 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes decreased by 0.5%.
Housing Supply in 60643, IL
How many homes are available in 60643, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
144 | 184 | +27.8% |
Summary: The 60643 real estate market had 184 homes for sale in March 2024, a 27.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 20 | 22 | +10.0% |
3 Bedrooms | 77 | 90 | +16.9% |
4 Bedrooms | 26 | 44 | +69.2% |
5+ Bedrooms | 18 | 23 | +27.8% |
Summary: The 60643 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 69.2%, and 5+ bedroom homes increased by 27.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 41 | +36.7% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 60643 in March 2024, up by 36.7% month-over-month. Of the 41 sold homes, 56% were sold under asking, 12% were sold at asking, and 32% were sold over asking.
Days on Market for 60643, IL
How long does it take to sell a home in 60643, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 39 Days | +22.4% |
Summary: Homes in 60643 had an average of 39 days on market in Mar 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in 60643; 68% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.