Is 60707, 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, 60707 has remained a Seller's Market.
Housing Prices in 60707, IL
How much do homes in 60707, IL cost?
Median Sold Price
$345,750
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60707 was $345,750 in March 2024, up 11.6% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $120.1K | +9.2% |
2 Bedrooms | $213.5K | $226K | +5.9% |
3 Bedrooms | $345K | $357.5K | +3.6% |
4 Bedrooms | $367K | $400K | +9.0% |
5+ Bedrooms | $470K | $510K | +8.5% |
Summary: 60707 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 8.5%.
Housing Supply in 60707, IL
How many homes are available in 60707, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
116 | 132 | +13.8% |
Summary: The 60707 real estate market had 132 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 20 | +17.6% |
2 Bedrooms | 25 | 26 | +4.0% |
3 Bedrooms | 36 | 37 | +2.8% |
4 Bedrooms | 27 | 31 | +14.8% |
5+ Bedrooms | 11 | 18 | +63.6% |
Summary: The 60707 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 63.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 34 | +41.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 60707 in March 2024, up by 41.7% month-over-month. Of the 34 sold homes, 44% were sold under asking, 18% were sold at asking, and 38% were sold over asking.
Days on Market for 60707, IL
How long does it take to sell a home in 60707, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 37 Days | -4.7% |
Summary: Homes in 60707 had an average of 37 days on market in Mar 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in 60707; 56% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.