Is 60647, 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, 60647 has remained a Seller's Market.
Housing Prices in 60647, IL
How much do homes in 60647, IL cost?
Median Sold Price
$562,099
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60647 was $562,099 in March 2024, up 2.1% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $287.5K | $295K | +2.6% |
2 Bedrooms | $404.3K | $425K | +5.1% |
3 Bedrooms | $640K | $666.2K | +4.1% |
4 Bedrooms | $795.9K | $810K | +1.8% |
5+ Bedrooms | $734.7K | $688.5K | -6.3% |
Summary: 60647 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in 60647, IL
How many homes are available in 60647, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
259 | 307 | +18.5% |
Summary: The 60647 real estate market had 307 homes for sale in March 2024, a 18.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 11 | +37.5% |
2 Bedrooms | 67 | 77 | +14.9% |
3 Bedrooms | 84 | 97 | +15.5% |
4 Bedrooms | 43 | 51 | +18.6% |
5+ Bedrooms | 57 | 71 | +24.6% |
Summary: The 60647 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 24.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 83 | +29.7% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 83 homes were sold or pending in 60647 in March 2024, up by 29.7% month-over-month. Of the 83 sold homes, 35% were sold under asking, 27% were sold at asking, and 39% were sold over asking.
Days on Market for 60647, IL
How long does it take to sell a home in 60647, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 21 Days | -38.0% |
Summary: Homes in 60647 had an average of 21 days on market in Mar 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 83 homes were sold in 60647; 84% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.