Is 60706, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 60706 has remained a Seller's Market.
Housing Prices in 60706, IL
How much do homes in 60706, IL cost?
Median Sold Price
$360,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 60706 was $360,000 in February 2024, up 6.1% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $168K | $172K | +2.4% |
2 Bedrooms | $271.4K | $290K | +6.8% |
3 Bedrooms | $355K | $370K | +4.2% |
4 Bedrooms | $457.5K | $455K | -0.5% |
5+ Bedrooms | $561.2K | $658.5K | +17.3% |
Summary: 60706 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 17.3%.
Housing Supply in 60706, IL
How many homes are available in 60706, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
47 | 62 | +31.9% |
Summary: The 60706 real estate market had 62 homes for sale in February 2024, a 31.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 11 | 17 | +54.5% |
3 Bedrooms | 24 | 28 | +16.7% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 60706 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 54.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 60706 in February 2024, up by 50.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 60706, IL
How long does it take to sell a home in 60706, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
82 Days | 37 Days | -55.1% |
Summary: Homes in 60706 had an average of 37 days on market in Feb 2024, down by 55.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 12 homes were sold in 60706; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.