Is 60631, 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, 60631 has remained a Seller's Market.
Housing Prices in 60631, IL
How much do homes in 60631, IL cost?
Median Sold Price
$395,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60631 was $395,000 in April 2024, up 3.9% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $155.5K | +15.2% |
2 Bedrooms | $239K | $240K | 0.4% |
3 Bedrooms | $410K | $425K | +3.7% |
4 Bedrooms | $525K | $597K | +13.7% |
5+ Bedrooms | $605K | $702.5K | +16.1% |
Summary: 60631 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 16.1%.
Housing Supply in 60631, IL
How many homes are available in 60631, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 114 | +14.0% |
Summary: The 60631 real estate market had 114 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 6 | -25.0% |
2 Bedrooms | 27 | 32 | +18.5% |
3 Bedrooms | 30 | 37 | +23.3% |
4 Bedrooms | 26 | 31 | +19.2% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 60631 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 37 | +37.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 60631 in April 2024, up by 37.0% month-over-month. Of the 37 sold homes, 57% were sold under asking, 14% were sold at asking, and 30% were sold over asking.
Days on Market for 60631, IL
How long does it take to sell a home in 60631, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 29 Days | +60.5% |
Summary: Homes in 60631 had an average of 29 days on market in Apr 2024, up by 60.5% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in 60631; 70% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.