Is 60631, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$393,333
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 60631 was $393,333 in May 2024, up 3.6% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133.5K | $163.5K | +22.5% |
2 Bedrooms | $238K | $235K | -1.3% |
3 Bedrooms | $400K | $425K | +6.3% |
4 Bedrooms | $520K | $591K | +13.7% |
5+ Bedrooms | $610K | $702.5K | +15.2% |
Summary: 60631 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 15.2%.
Housing Supply in 60631, IL
How many homes are available in 60631, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
99 | 114 | +15.2% |
Summary: The 60631 real estate market had 114 homes for sale in May 2024, a 15.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 31 | 28 | -9.7% |
3 Bedrooms | 33 | 45 | +36.4% |
4 Bedrooms | 24 | 27 | +12.5% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 60631 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 29 | -23.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 60631 in May 2024, down by 23.7% month-over-month. Of the 29 sold homes, 38% were sold under asking, 24% were sold at asking, and 38% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 16 Days | -39.1% |
Summary: Homes in 60631 had an average of 16 days on market in May 2024, down by 39.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in 60631; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.