Is 60540, 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, 60540 has remained a Seller's Market.
Housing Prices in 60540, IL
How much do homes in 60540, IL cost?
Median Sold Price
$590,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60540 was $590,000 in April 2024, up 14.6% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $265K | -3.6% |
2 Bedrooms | $300K | $335K | +11.7% |
3 Bedrooms | $435K | $475K | +9.2% |
4 Bedrooms | $630K | $655K | +4.0% |
5+ Bedrooms | $765K | $860K | +12.4% |
Summary: 60540 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 12.4%.
Housing Supply in 60540, IL
How many homes are available in 60540, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
139 | 162 | +16.5% |
Summary: The 60540 real estate market had 162 homes for sale in April 2024, a 16.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 26 | 26 | 0.0% |
3 Bedrooms | 26 | 34 | +30.8% |
4 Bedrooms | 59 | 73 | +23.7% |
5+ Bedrooms | 23 | 25 | +8.7% |
Summary: The 60540 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 58 | +107.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in 60540 in April 2024, up by 107.1% month-over-month. Of the 58 sold homes, 33% were sold under asking, 22% were sold at asking, and 45% were sold over asking.
Days on Market for 60540, IL
How long does it take to sell a home in 60540, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 17 Days | +4.8% |
Summary: Homes in 60540 had an average of 17 days on market in Apr 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 58 homes were sold in 60540; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.