Is 60617, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 60617 was a Seller's Market.
Housing Prices in 60617, IL
How much do homes in 60617, IL cost?
Median Sold Price
$190,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60617 was $190,000 in April 2024, up 11.8% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $177.5K | N/A |
2 Bedrooms | $111K | $106.5K | -4.1% |
3 Bedrooms | $160K | $199.7K | +24.8% |
4 Bedrooms | $190K | $207.5K | +9.2% |
5+ Bedrooms | $229.5K | $227K | -1.1% |
Summary: 60617 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 4.1%, 3 bedroom homes increased by 24.8%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 1.1%.
Housing Supply in 60617, IL
How many homes are available in 60617, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
238 | 286 | +20.2% |
Summary: The 60617 real estate market had 286 homes for sale in April 2024, a 20.2% 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 | 28 | 30 | +7.1% |
3 Bedrooms | 95 | 117 | +23.2% |
4 Bedrooms | 54 | 73 | +35.2% |
5+ Bedrooms | 60 | 65 | +8.3% |
Summary: The 60617 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 7.1%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 35.2%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 38 | +58.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 60617 in April 2024, up by 58.3% month-over-month. Of the 38 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for 60617, IL
How long does it take to sell a home in 60617, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 99 Days | +101.7% |
Summary: Homes in 60617 had an average of 99 days on market in Apr 2024, up by 101.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in 60617; 42% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.