Is 60657, 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, 60657 has remained a Seller's Market.
Housing Prices in 60657, IL
How much do homes in 60657, IL cost?
Median Sold Price
$527,666
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60657 was $527,666 in March 2024, up 2.3% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $229K | +4.1% |
2 Bedrooms | $423.1K | $439.8K | +3.9% |
3 Bedrooms | $676.6K | $685.3K | +1.3% |
4 Bedrooms | $999.9K | $1.0M | +5.5% |
5+ Bedrooms | $1.2M | $1.4M | +8.5% |
Summary: 60657 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 8.5%.
Housing Supply in 60657, IL
How many homes are available in 60657, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
288 | 316 | +9.7% |
Summary: The 60657 real estate market had 316 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 53 | 64 | +20.8% |
2 Bedrooms | 111 | 113 | +1.8% |
3 Bedrooms | 69 | 67 | -2.9% |
4 Bedrooms | 28 | 38 | +35.7% |
5+ Bedrooms | 27 | 34 | +25.9% |
Summary: The 60657 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 25.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 76 | +5.6% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in 60657 in March 2024, up by 5.6% month-over-month. Of the 76 sold homes, 42% were sold under asking, 21% were sold at asking, and 37% were sold over asking.
Days on Market for 60657, IL
How long does it take to sell a home in 60657, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 24 Days | +0.9% |
Summary: Homes in 60657 had an average of 24 days on market in Mar 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 76 homes were sold in 60657; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.