Is 60661, 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, 60661 has remained a Seller's Market.
Housing Prices in 60661, IL
How much do homes in 60661, IL cost?
Median Sold Price
$380,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60661 was $380,000 in March 2024, up 1.3% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $287K | -4.3% |
2 Bedrooms | $455.5K | $464.1K | +1.9% |
3 Bedrooms | $748.7K | $843.5K | +12.7% |
4 Bedrooms | - | $1.0M | N/A |
5+ Bedrooms | - | - | N/A |
Summary: 60661 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 60661, IL
How many homes are available in 60661, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 79 | +38.6% |
Summary: The 60661 real estate market had 79 homes for sale in March 2024, a 38.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 25 | +25.0% |
2 Bedrooms | 30 | 47 | +56.7% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 60661 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 56.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 17 | +88.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 60661 in March 2024, up by 88.9% month-over-month. Of the 17 sold homes, 59% were sold under asking, 0% were sold at asking, and 41% were sold over asking.
Days on Market for 60661, IL
How long does it take to sell a home in 60661, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 50 Days | -12.1% |
Summary: Homes in 60661 had an average of 50 days on market in Mar 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 60661; 65% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.