Is 60644, 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, 60644 was a Seller's Market.
Housing Prices in 60644, IL
How much do homes in 60644, IL cost?
Median Sold Price
$270,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60644 was $270,000 in March 2024, up 12.7% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $338K | -3.4% |
2 Bedrooms | $78.5K | $104K | +32.5% |
3 Bedrooms | $200K | $180K | -10.0% |
4 Bedrooms | $247.5K | $205K | -17.2% |
5+ Bedrooms | $286K | $350K | +22.4% |
Summary: 60644 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 32.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes increased by 22.4%.
Housing Supply in 60644, IL
How many homes are available in 60644, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
114 | 127 | +11.4% |
Summary: The 60644 real estate market had 127 homes for sale in March 2024, a 11.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 23 | 28 | +21.7% |
5+ Bedrooms | 54 | 61 | +13.0% |
Summary: The 60644 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 9.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 21 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 60644 in March 2024, the same as the previous month. Of the 21 sold homes, 43% were sold under asking, 19% were sold at asking, and 38% were sold over asking.
Days on Market for 60644, IL
How long does it take to sell a home in 60644, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 40 Days | -37.8% |
Summary: Homes in 60644 had an average of 40 days on market in Mar 2024, down by 37.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 60644; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.