Is 60901, 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, 60901 has remained a Seller's Market.
Housing Prices in 60901, IL
How much do homes in 60901, IL cost?
Median Sold Price
$155,000
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60901 was $155,000 in March 2024, up 15.4% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | $46K | -60.3% |
2 Bedrooms | $110K | $101K | -8.2% |
3 Bedrooms | $143.9K | $169.9K | +18.1% |
4 Bedrooms | $148K | $195K | +31.8% |
5+ Bedrooms | $101.2K | $232.5K | +129.6% |
Summary: 60901 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.3%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 129.6%.
Housing Supply in 60901, IL
How many homes are available in 60901, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
109 | 120 | +10.1% |
Summary: The 60901 real estate market had 120 homes for sale in March 2024, a 10.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 25 | 31 | +24.0% |
3 Bedrooms | 55 | 61 | +10.9% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The 60901 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 25 | +13.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 60901 in March 2024, up by 13.6% month-over-month. Of the 25 sold homes, 56% were sold under asking, 16% were sold at asking, and 28% were sold over asking.
Days on Market for 60901, IL
How long does it take to sell a home in 60901, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 60 Days | -1.9% |
Summary: Homes in 60901 had an average of 60 days on market in Mar 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 60901; 56% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.