Is 60649, 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, 60649 was a Seller's Market.
Housing Prices in 60649, IL
How much do homes in 60649, IL cost?
Median Sold Price
$129,500
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60649 was $129,500 in March 2024, down 20.9% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60.5K | $62K | +2.5% |
2 Bedrooms | $95K | $104K | +9.5% |
3 Bedrooms | $160K | $130K | -18.7% |
4 Bedrooms | $299K | $306K | +2.3% |
5+ Bedrooms | $350K | $375.9K | +7.4% |
Summary: 60649 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 18.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 7.4%.
Housing Supply in 60649, IL
How many homes are available in 60649, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
127 | 160 | +26.0% |
Summary: The 60649 real estate market had 160 homes for sale in March 2024, a 26.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 19 | +46.2% |
2 Bedrooms | 25 | 38 | +52.0% |
3 Bedrooms | 37 | 40 | +8.1% |
4 Bedrooms | 21 | 27 | +28.6% |
5+ Bedrooms | 31 | 36 | +16.1% |
Summary: The 60649 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 46.2%, 2 bedroom homes increased by 52%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 22 | +69.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 60649 in March 2024, up by 69.2% month-over-month. Of the 22 sold homes, 45% were sold under asking, 14% were sold at asking, and 41% were sold over asking.
Days on Market for 60649, IL
How long does it take to sell a home in 60649, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 49 Days | -29.4% |
Summary: Homes in 60649 had an average of 49 days on market in Mar 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 60649; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.