Is 60521, 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, 60521 has remained a Seller's Market.
Housing Prices in 60521, IL
How much do homes in 60521, IL cost?
Median Sold Price
$1,250,000
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60521 was $1,250,000 in April 2024, up 27.8% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $375K | $335K | -10.7% |
3 Bedrooms | $682.5K | $750K | +9.9% |
4 Bedrooms | $994.5K | $1.1M | +15.6% |
5+ Bedrooms | $1.6M | $1.7M | +3.9% |
Summary: 60521 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 decreased by 10.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 60521, IL
How many homes are available in 60521, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 106 | +26.2% |
Summary: The 60521 real estate market had 106 homes for sale in April 2024, a 26.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 30 | 37 | +23.3% |
5+ Bedrooms | 34 | 44 | +29.4% |
Summary: The 60521 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 28.6%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 27 | +107.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 60521 in April 2024, up by 107.7% month-over-month. Of the 27 sold homes, 56% were sold under asking, 19% were sold at asking, and 26% were sold over asking.
Days on Market for 60521, IL
How long does it take to sell a home in 60521, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 19 Days | -8.7% |
Summary: Homes in 60521 had an average of 19 days on market in Apr 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in 60521; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.