Is 60712, 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, 60712 has remained a Seller's Market.
Housing Prices in 60712, IL
How much do homes in 60712, IL cost?
Median Sold Price
$550,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 60712 was $550,000 in April 2024, up 17.8% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $217.5K | N/A |
2 Bedrooms | $265K | $322.5K | +21.7% |
3 Bedrooms | $405K | $481K | +18.8% |
4 Bedrooms | $565K | $677.5K | +19.9% |
5+ Bedrooms | $860K | $1.2M | +40.7% |
Summary: 60712 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 increased by 21.7%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 40.7%.
Housing Supply in 60712, IL
How many homes are available in 60712, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 35 | +52.2% |
Summary: The 60712 real estate market had 35 homes for sale in April 2024, a 52.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 5 | +400.0% |
3 Bedrooms | 14 | 20 | +42.9% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 60712 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 400%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 60712 in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 60712, IL
How long does it take to sell a home in 60712, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 25 Days | +17.6% |
Summary: Homes in 60712 had an average of 25 days on market in Apr 2024, up by 17.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 60712; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.