Is 60656, 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, 60656 has remained a Seller's Market.
Housing Prices in 60656, IL
How much do homes in 60656, IL cost?
Median Sold Price
$322,910
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60656 was $322,910 in March 2024, down 4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120.9K | $135.5K | +12.0% |
2 Bedrooms | $220.5K | $202K | -8.4% |
3 Bedrooms | $390K | $402K | +3.1% |
4 Bedrooms | $437.5K | $445.7K | +1.9% |
5+ Bedrooms | $595.9K | $665K | +11.6% |
Summary: 60656 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 11.6%.
Housing Supply in 60656, IL
How many homes are available in 60656, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 75 | +7.1% |
Summary: The 60656 real estate market had 75 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 19 | 17 | -10.5% |
3 Bedrooms | 34 | 39 | +14.7% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 60656 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 14.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 24 | +41.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 60656 in March 2024, up by 41.2% month-over-month. Of the 24 sold homes, 46% were sold under asking, 13% were sold at asking, and 42% were sold over asking.
Days on Market for 60656, IL
How long does it take to sell a home in 60656, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 26 Days | -12.6% |
Summary: Homes in 60656 had an average of 26 days on market in Mar 2024, down by 12.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 60656; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.