Is 60803, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60803 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60803 has remained a Seller's Market.

Key Takeaway

60803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60803, IL

How much do homes in 60803, IL cost?

Median Sold Price

$236,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,000(+7.3%)

Key Takeaway

Homes in 60803 have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in 60803 was $236,000 in April 2024, up 7.3% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $75.9K$71K
-6.5%
2 $139.9K$147K
+5.1%
3 $240K$260K
+8.3%
4 $277.5K$299.9K
+8.1%
5+ $275.7K$306.2K
+11.1%

Summary: 60803 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Zip Codes

60803
+7.3%
60655
+7.0%
60445
+6.9%
60406
-1.5%

Housing Supply in 60803, IL

How many homes are available in 60803, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5161+19.6%

Summary: The 60803 real estate market had 61 homes for sale in April 2024, a 19.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 23
+50.0%
2 1519
+26.7%
3 2522
-12.0%
4 613
+116.7%
5+ 34
+33.3%

Summary: The 60803 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1318+38.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60803, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 60803 in April 2024, up by 38.5% month-over-month. Of the 18 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.

Days on Market for 60803, IL

How long does it take to sell a home in 60803, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
37 Days40 Days+8.1%

Summary: Homes in 60803 had an average of 40 days on market in Apr 2024, up by 8.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60803 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 18 homes were sold in 60803; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in 60803, IL

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