Is 60951, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60951 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 60951 has remained a Seller's Market.

Key Takeaway

60951 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60951, IL

How much do homes in 60951, IL cost?

Median Sold Price

$138,000

$100/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$8,100(+6.2%)

Key Takeaway

Homes in 60951 have sold for 6.2% more than they did a month ago.

Summary: The median home sold price in 60951 was $138,000 in April 2024, up 6.2% from last month, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $129.9K-
N/A
4 -$138K
N/A
5+ --
N/A

Summary: 60951 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 60951, IL

How many homes are available in 60951, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
53-40.0%

Summary: The 60951 real estate market had 3 homes for sale in April 2024, a 40.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 32
-33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The 60951 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 decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60951, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 60951 in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 60951, IL

How long does it take to sell a home in 60951, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
96 Days182 Days+89.6%

Summary: Homes in 60951 had an average of 182 days on market in Apr 2024, up by 89.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 60951 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 1 homes were sold in 60951; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 16 Days Ago

Newest Listings in 60951, IL

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