Is 61060, 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, 61060 has remained a Seller's Market.
Key Takeaway
61060 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 61060, IL
How much do homes in 61060, IL cost?
Median Sold Price
$166,250
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 61060 have sold for 15.2% less than they did a year ago.
Summary: The median home sold price in 61060 was $166,250 in April 2024, down 15.2% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $40K | $84.5K | +111.0% |
| 3 Bedrooms | $167.3K | $132.5K | -20.8% |
| 4 Bedrooms | $300K | $262.5K | -12.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: 61060 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 111%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 61032 | $110K | $99.5K | -9.5% |
| 61060 | $196.1K | $166.2K | -15.2% |
Housing Supply in 61060, IL
How many homes are available in 61060, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Summary: The 61060 real estate market had 2 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 61060 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 61060, 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 61060 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 61060, IL
How long does it take to sell a home in 61060, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 5 Days | -66.7% |
Summary: Homes in 61060 had an average of 5 days on market in Apr 2024, down by 66.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 61060 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in 61060; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
