Is 60805, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 60805 has remained a Seller's Market.
Housing Prices in 60805, IL
How much do homes in 60805, IL cost?
Median Sold Price
$270,666
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60805 was $270,666 in April 2024, up 5.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $109.6K | - | N/A |
2 Bedrooms | $225K | $230K | +2.2% |
3 Bedrooms | $260K | $265K | +1.9% |
4 Bedrooms | $297K | $301K | +1.3% |
5+ Bedrooms | $469.7K | $390K | -17.0% |
Summary: 60805 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 17%.
Housing Supply in 60805, IL
How many homes are available in 60805, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 87 | +22.5% |
Summary: The 60805 real estate market had 87 homes for sale in April 2024, a 22.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 40 | 50 | +25.0% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 60805 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 26 | +116.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in 60805 in April 2024, up by 116.7% month-over-month. Of the 26 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for 60805, IL
How long does it take to sell a home in 60805, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 22 Days | -29.0% |
Summary: Homes in 60805 had an average of 22 days on market in Apr 2024, down by 29% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in 60805; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.